Peru Economy to Expand by Annual Average of 5.1% Between 2021-2026 – Ministry

The Andean nation’s incoming president must find a way to reignite the country’s sputtering economy while tending to a ballooning fiscal deficit, thanks to stimulus measures implemented last year worth 12% of GDP, the ministry said.

RIO DE JANEIRO, BRAZIL - The economy of Peru, the world’s second largest copper producer, is expected to grow an annual average of 5.1% between 2021 and 2026, the economy ministry said on Monday, January 11th.

The ministry held its prior projection for a 10% expansion for this year, the highest rate since 1994, rebounding from an estimated 12% drop in 2020, according to a report prepared by the ministry for presidential candidates ahead of the upcoming April elections.

Hard-hit Peru is struggling through one of its deepest recessions in decades following months of battling the pandemic and . . .

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