{
  "title": "Peru: 2017 Article IV Consultation-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, June 28, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/06/28/peru-2017-article-iv-consultation-press-release-and-staff-report-45001",
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  "summary": "This 2017 Article IV Consultation highlights Peru’s average growth of more than 5.25 percent since 2000, which has led to significantly reduced unemployment and poverty. Inflation is in low single digits, the fiscal position has strengthened, and dollarization has declined markedly.",
  "publishDate": "2017-06-28",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Key findings and country performance",
      "content": "- Average growth of more than 5.25 percent since 2000.\n- Significant reductions in unemployment and poverty.\n- Inflation is in low single digits.\n- Fiscal position has strengthened.\n- Dollarization has declined markedly."
    },
    {
      "heading": "Near-term outlook and growth projections",
      "content": "- GDP growth is projected to slow to about 2.7 percent in 2017.\n- GDP growth is projected to rebound to over 3.75 percent in 2018, driven by:\n  - Reconstruction spending filtering through the economy.\n  - Previously delayed projects owing to the Odebrecht scandal beginning to catch up."
    },
    {
      "heading": "Inflation outlook and drivers",
      "content": "- Inflation should gradually return to the target range as:\n  - Weather-related factors abate.\n  - Food price inflation declines.\n- Inflation expectations and inflation outlook are identified as relevant subjects."
    },
    {
      "heading": "Financial and external sector notes",
      "content": "- Subject areas highlighted include: Credit, Currencies, External debt, Financial institutions, Loans, Money, Public debt, and short-term debt.\n- Keywords referencing risks and context include: corruption scandal, CR, ISCR, WB portfolio.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/06/28/peru-2017-article-iv-consultation-press-release-and-staff-report-45001"
    }
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    "Published: June 28, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484305195.002",
    "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.",
    "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:",
    "Inflation should gradually return to the target range as:",
    "Inflation expectations and inflation outlook are identified as relevant subjects.",
    "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.",
    "**Country Report**"
  ],
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