{
  "title": "Peru: 2016 Article IV Consultation-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, July 15, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/peru-2016-article-iv-consultation-press-release-and-staff-report-44096",
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  "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.",
  "publishDate": "2016-07-15",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Major findings on economic performance",
      "content": "- Peru has \"successfully navigated the commodity cycle and the 2008–09 global financial crisis.\"\n- Peru \"still leads growth among large Latin American economies.\"\n- After \"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.\n- Peru is \"now positioned to grow faster in the next two years, as mining production reaches full capacity and large infrastructure projects advance.\"\n- \"Inflation is expected to decline.\""
    },
    {
      "heading": "Outlook and projections",
      "content": "- Short-term growth drivers:\n  - Higher metals production and fishing contributed to the recovery to \"3.3 percent\" growth in 2015.\n  - Mining production reaching full capacity is expected to support faster growth over \"the next two years.\"\n  - Advancement of large infrastructure projects is cited as an additional growth impetus.\n- Inflation:\n  - The report states that \"Inflation is expected to decline.\""
    },
    {
      "heading": "Risks and vulnerabilities",
      "content": "- Overall risk assessment: \"Risks to the outlook are balanced.\"\n- Downside risks: \"Downside risks are mostly on the external side.\""
    },
    {
      "heading": "Thematic coverage (subjects and keywords)",
      "content": "- Subjects: Currencies, Economic sectors, External debt, Inflation, Money, Prices, Public debt, Public sector\n- Keywords: commodity, commodity cycle, CR, Currencies, further exchange rate flexibility, Global, Inflation, inflation expectation, ISCR, production capacity, Public sector, rate, short-term debt\n\n---\n\n Content in this bundle\n\n- cr16234\n  - cr16234 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16234 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/peru-2016-article-iv-consultation-press-release-and-staff-report-44096"
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    "Published: July 15, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781498368438.002",
    "Peru has \"successfully navigated the commodity cycle and the 2008–09 global financial crisis.\"",
    "Peru \"still leads growth among large Latin American economies.\"",
    "After \"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.\"",
    "Short-term growth drivers:",
    "Inflation:",
    "Overall risk assessment: \"Risks to the outlook are balanced.\"",
    "Downside risks: \"Downside risks are mostly on the external side.\"",
    "Subjects: 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",
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