Peru’s economy will experience a sharp recession in 2020. The measures put in place to contain the spread of the Coronavirus (COVID-19) pandemic have hampered domestic demand. Meanwhile external demand is also being weakened, by a slowdown in global demand. Now that domestic measures have been lifted, economic growth should return, supported by new mines, and greater public investment. Real GDP will bounce back to record growth of 7.3% in 2021 and will average about 3.7% in 2025-2027.
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Country Profiles examine the economic and political trends in 210 countries and associated regions, serving as a one-stop-shop for data and analysis on the economy, political landscape and the business environment. This report series allows you to understand the macro-economic environment as a basis for strategic planning.
If you're in the Industry, Infrastructure and Environment industry in Peru, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty
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