|Lima - Peru|
According to investment bank BCP Securities, Peru with an annual growth rate of 4% will grow more than three times the regional average in 2014, while the projected development for Latin America in 2014 is 1.2%.
Walter Molano, an economist at investment bank BCP Securities, said the region is slowing at an alarming rate and most people do not seem to care.
"The projected for this year in Latin America growth rate is 1.2%, half that of last year and one-fifth of what was recorded in 2010," he said.
He said that Venezuela and Argentina are in outright recession; while Brazil and Mexico have an almost flat behavior.
"In both Chile and Peru, traditional Latin American stars, will grow at a rate of 2.5 and 4%, respectively," he said.
He estimated that Colombia would grow 5% this year, due in large part to the large influx of foreign direct investment (FDI) and trade reforms ongoing peace negotiations.