Trump strikes, then backs down
WRITING from Lima: HUGO AQUINO (*)
ASIA THE LOCOMOñTIVE
The Asian economy will grow 6% annually.
India at 7% and China at 4.5% annually will be the engines of global economic growth.
SLOW EUROPE
The 27 countries of the European Union will move very slowly in the Year of the Fire Horse.
The dispute over Greenland is cooling France and Germany the fastest.
Italy and the United Kingdom are the least affected by Trump's tariffs and trade war.
LATIN AMERICA AT A RATE OF 2%
Trump wants South America closer to Washington DC.
Trump wants to antagonize China with its Latin American clients such as Peru, Venezuela, Uruguay, Paraguay, Chile, Panama, and Ecuador.
Brazil and Colombia, and of course Peru, will be paralyzed by general elections, and investments will only appear strongly in 2027.
PERU TODAY
The Peruvian economy has been hit by rains, floods, and landslides.
Investors will have to absorb the economic costs caused by El Niño and 10 months of election season.
This means Peru's GDP will no longer grow by 4% or 4.5% annually, but only by 2% or 2.5%.
(*) The EconomicAnalyst HUGO AQUINO is Director of 'FinancialKAPITAL'.
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