Peru

Peru has seen relatively stable economic growth and significantly reduced the number of people living in poverty. Still, there have been multiple cases of corruption, but the government of President Martín Vizcarra Cornejo, who took office in 2018, has focused efforts on combatting this and stabilising the political climate. Nevertheless, challenges to ensuring sustainable development remain.

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Covid-19 has had a significant impact on the Latin American residential real estate market, with the economic slowdown and increased investor uncertainty serving to dampen growth in the short term. Nevertheless, the pandemic has stimulated demand for both rental properties and accommodation with outdoor space, while also accelerating the digitalisation of the industry and boosting competition among mortgage lenders.

Peru’s response to Covid-19 won the country international plaudits in the early stages of the pandemic, thanks to its extensive testing regime and regional benchmark stimulus package. As countries begin the cautious process of reopening their economies, authorities in Peru are now looking to the mining industry to spearhead recovery.

Partly as a result of coordinated government efforts since the outbreak of the novel coronavirus, food supply chains in Peru have remained relatively resilient to logistical challenges and national lockdowns.

Peru has responded quickly and effectively to Covid-19. It was the first country in the region to impose a quarantine, on March 15, followed by a curfew on March 18.

A pesar de un año de turbulencias políticas, y de finalizar con un crecimiento del PIB inferior a lo previsto, Perú logró progresar significativamente en lo económico y social en 2019.

Los funcionarios de agricultura del Perú estiman que las exportaciones de ese sector continuarán creciendo significativamente durante los próximos años, debido al aumento de la demanda de los mercados emergentes y a prácticas agrícolas más eficientes.

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