Peru: 2016 Article IV Consultation-Press Release; and Staff Report

July 15, 2016

Preview Citation

Format: Chicago

Peru: 2016 Article IV Consultation-Press Release; and Staff Report, (USA: International Monetary Fund, 2016) accessed September 18, 2024

Summary

This 2016 Article IV Consultation highlights that Peru has successfully navigated the commodity cycle and the 2008–09 global financial crisis, and still leads growth among large Latin American economies. Following a sharp and unexpected drop in 2014, growth picked up in 2015, reaching 3.3 percent largely owing to higher metals production and fishing, and a partial recovery in services and commerce. Peru is now positioned to grow faster in the next two years, as mining production reaches full capacity and large infrastructure projects advance. Inflation is expected to decline. Risks to the outlook are balanced, and downside risks are mostly on the external side.

Subject: Currencies, Economic sectors, External debt, Inflation, Money, Prices, Public debt, Public sector

Keywords: Commodity, Commodity cycle, CR, Currencies, Further exchange rate flexibility, Global, Inflation, Inflation expectation, ISCR, Production capacity, Public sector, Rate, Short-term debt

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/234
Stock No:

1PEREA2016001
ISBN:

9781498368438
ISSN:

1934-7685

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