Have you ever thought about investing in Foreign stocks? Maybe you have. Have you thought about investing in Latin American countries ? If you answered yes, then I suggest you to invest in Peru. Why? Because Peruvian economy is booming!!! How is possible that Peru's economy is booming while the United States is struggling with its economy? There are many factors that can answer this question but first I will tell you what Peru government has done.
Since Peru changed its currency from INTI to NUEVO SOL, things seem to get better in that South American country. Peru had to deal with high inflation and low GDP during 1990-2000. In 2001, Peru started to show decrease in inflation and increase on GDP, this was a result of new investments, stable political system and signed "Free Trading Agreements (FTA) with the USA, EU, China and Japan.
Currently, Peru has a low inflation and high GDP due to the government is spending money to create jobs, investing in infrastructure and its citizens are really spending money which means that more goods and services are being consumed and purchased.
I found an interesting video made by CNBC. Jsut click on the below link.
http://www.youtube.com/watch?v=OupiTh1lii4&NR=1
