Peru: 2015 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Peru
IMF Staff Country Reports, May 27, 2015
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- Canonical URL
- Peru: 2015 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Peru
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Bibliographic details
- Published: May 27, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513539317.002
Summary and key findings
- Peru remains one of the best performing economies in Latin America, with solid macroeconomic policies and fundamentals and visible gains in poverty reduction.
- In 2014 Peru faced a challenging external environment characterized by:
- Lower metal prices.
- Weaker demand from trading partners.
- External pressures were a major drag on private investment and exports.
- Domestic factors that compounded external shocks in 2014 included:
- An unexpected drop in subnational public investment level.
- Temporary supply disruptions in mining, fishing, and agriculture.
Growth outlook and projection
- Real GDP is projected to expand at about 3.75 percent in 2015, contingent on:
- Reversal of the supply shocks.
- Policy stimulus of 2014.
- Growth is expected to rise in 2016–17.
Subjects and keywords (as listed)
- Subject: Credit, Currencies, External debt, Financial institutions, Loans, Money, Public debt
- Keywords: budget reallocation, CR, Credit, Currencies, Global, inflation expectation, ISCR, Loans, rate, repo operation, staff appraisal, terms of trade shock