Peru’s GDP is predicted to increase by 4% this year, making it the second fastest-growing country in Latin America behind Argentina, according to a Reuters report. Inflation is expected to remain around 2% for the foreseeable future,

Peru's gross domestic product (GDP) will likely expand by 4% this year and rank as the second-fastest growing economy in Latin America, a senior official told reporters on Monday, as inflation is seen holding for another year at around 2%.