Peru: 2017 Article IV Consultation-Press Release; and Staff Report
IMF Staff Country Reports, June 28, 2017
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- Peru: 2017 Article IV Consultation-Press Release; and Staff Report
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Bibliographic details
- Published: June 28, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484305195.002
Key findings and country performance
- Average growth of more than 5.25 percent since 2000.
- Significant reductions in unemployment and poverty.
- Inflation is in low single digits.
- Fiscal position has strengthened.
- Dollarization has declined markedly.
Near-term outlook and growth projections
- GDP growth is projected to slow to about 2.7 percent in 2017.
- GDP growth is projected to rebound to over 3.75 percent in 2018, driven by:
- Reconstruction spending filtering through the economy.
- Previously delayed projects owing to the Odebrecht scandal beginning to catch up.
Inflation outlook and drivers
- Inflation should gradually return to the target range as:
- Weather-related factors abate.
- Food price inflation declines.
- Inflation expectations and inflation outlook are identified as relevant subjects.
Financial and external sector notes
- Subject areas highlighted include: Credit, Currencies, External debt, Financial institutions, Loans, Money, Public debt, and short-term debt.
- Keywords referencing risks and context include: corruption scandal, CR, ISCR, WB portfolio.
Content in this bundle
- Country Report