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Andean Group - July 2020

Pandemic threatens to devastate economy

The dramatic and devastating impact of the coronavirus (Covid-19) pandemic on the global economy is already incontrovertible. What remains to be determined is just how hard this shock will hit, how long it will last, and which countries will be worst affected. International observers are increasingly predicting that Peru’s economy will be among the hardest hit not just in Latin America, but in the entire world.

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