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More than 10 years of spectacular economic growth have come to an end in Peru with the conclusion of an era of extraordinarily high commodity prices. This sharp downturn coincides with general elections for the presidency and the legislature. Investors and Peruvians in general are assessing what has been achieved, weighing the challenges that the country is facing ...
The last decade and a half of spectacular growth has made Peru a showcase for Latin America’s success. The country has built up a sizeable middle class and reduced poverty. Its democracy is functional and its economic fundamentals are exceptionally strong. Unfortunately, the poor leadership provided by many of Peru’s politicians has adversely affected the business ...
Peru’s gold and copper exports have helped it become one of Latin America’s leading economic performers, but falling worldwide mineral prices and internal environmental opposition have hit its trade figures. The government has implemented several economic stimulus measures, but it also has to deal with growing organised crime and corruption. President Ollanta Huma...
Peru’s President Ollanta Humala made a promise when he became president in 2011 – that he would not seek to hold on to power after his 2016 term ends. But he has been pushing the presidential ambitions of his wife and Peru’s first lady, Nadine Heredia. This was alienating support in Congress and would have reduced his effectiveness in governing. But just as this se...