Development: Peru’s real annual GDP growth came in at 3.26% overall in 2015, the national statistics institute (INEI) reported on 15 February. Significance: Growth in December was a strong 6.39% year on year, the highest in 23 months, lifting the full-year GDP result above even the government’s own estimated figure of 2.8% (and following a weak annual result of 2.4% in 2014). The country’s economic rebound to date remains very dependent on mining, however. While the 2015 figure will be spun as good news by the unpopular government led by President Ollanta Humala ahead of the April general election, the…
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