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EcoTV Week

Political turmoil in Peru
16/02/2023 • By Hélène DROUOT

The political crisis worsened in Peru over the last two months. In the very short term, political instability should continue, and weigh on the economic outlook.
Eco Emerging

From one political crisis to another
08/07/2022 • By Hélène DROUOT

Peruvian GDP returned to its pre-crisis level thanks to the strong upturn in activity recorded in 2021. However, the country’s capacity to rebound further is limited and short-to-medium-term growth prospects are moderate. Firstly, inflation pressures are weighing on private consumption and disruptions in the value chains are hampering the export sector. Secondly, the continuing political crisis is dampening the investment outlook [...]

EcoTV Week

Peru: tempered economic outlook
08/07/2022 • By Hélène DROUOT

After a rebound over 13%, one of the highest growth rates in the region, we should see a major slowdown in Peru in the next two years. On one hand, inflationary pressures, social movements and the gradual withdrawal of support measures taken by the authorities during the pandemic will weigh on domestic demand.

 
Eco Emerging

No exception
18/01/2021 • By Hélène DROUOT

Peru is one of the Latin American countries to have suffered most from the Covid-19 crisis. After a sharp contraction in Q2 2020, the recovery that began in Q3 has continued. This said, economic activity is unlikely to regain its pre-crisis level before the end of 2022. The economic contraction and the massive stimulus programme introduced by the government have hit public finances, but the deterioration is likely to remain manageable, for the short term at least [...]

Charts of the Week

Peru: political crisis is threatening the rebound in investment
10/01/2018 • By Hélène DROUOT

Economic activity in Peru should benefit from a rebound in investment, rising by 5.3% y/y in Q3 2017, after thirteen consecutive quarters of decline. Investment in the mining sector should be a key driver, along with reconstruction efforts (El Niño strongly hit the country in Q1 2017) and an ambitious infrastructure modernization programme. However, the political crisis clouds the favorable outlook. Tensions have arisen since the Oderbrecht scandal broke out in Peru in January 2017 [...]

Peru is a Republic (Republica de Peru) of South America. The Peruvian economy depends heavily on raw materials exports (60% of total exports). It is one of the countries that has suffered most from the Covid-19 crisis. The recession in 2020 was severe. Real GDP fell by 11.1% (after a 2.2% growth in 2019) and activity shrank in Q2 following strict and protracted lockdown measures. Relatively strong public finances allowed a massive support by the authorities, which helped to prevent an even more spectacular collapse in GDP. China has been the main destination for exports since 2014.