Cover of The Report: Peru 2017

The Report: Peru 2017

Over the last two decades Peru has been one of the fastest-growing economies in the region. Remarkably resilient to global headwinds, positive GDP growth has continued despite the end of the commodities boom. Yet the growth rate has slowed and the initial impetus of a first wave of structural reforms has faded. The question now is whether the current administration can address problems, implement further reforms and re-accelerate the economy.

Over the last decade Peru has consistently been the fastest-growing economy in Latin America, and unlike some of its neighbours, has been remarkably resilient to global headwinds, registering positive growth rates for an uninterrupted 18 years through to 2016. While the pace of growth has slowed as the long commodities boom ebbed after 2012, Peru recorded an average annual growth rate of 5.9% in 2005-15, almost double the 3% rate for Latin America as a whole. Stakeholders and investors will now be looking to efforts by the new government, which took office in July 2016, to address problems, implement additional reforms and spur further economic growth. 

 

OBG & Peru