Weekly Report - 23 January 2020 (WR-20-03)

PERU | Recovering fast growth rate. Peru’s economy & finance minister, María Antonieta Alva, said on 20 January that the country would bounce back from “a complex year, with heightened global uncertainty” in 2019 and post 4% GDP growth in 2020. She said GDP growth in 2019 would probably come in at 2.2%. Alva stressed the importance, however, of completing the public spending allocated in the national budget (something Peruvian governments have consistently failed to do in recent years). She said that the protests in neighbouring Chile and Ecuador, as well as Colombia, served to show that “our priority as a government is to close the social gap as a matter of urgency”, which would require “moving into a different gear”.

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