PPK: Busy agenda

PPK: Busy agenda

Peru Economy & Policy

Kuczynski began his five-year term at a critical time for Peru. The economy is expanding faster than most others in the region, but below potential. Gross domestic product grew by 4.1% in the first six months of this year. That’s ahead of the 3.8% target the previous government set in its multi-annual macroeconomic indicators in April and the forecasts of the IMF and other multilateral agencies. What’s more, inflation in July eased into the 1%-3% target band for the first time in 17 months and the central bank now expects inflation to come in at 2.8% for the year, down from initial forecasts of 3.5%. The local currency, the sol, is also stronger than anticipated, appreciating 1.8% against th

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