Doing business in Peru in 2022
The global economy has rebounded from the collapse of 2020. However, economies worldwide are facing a slowdown in growth due to new variants of COVID-19, inflation and demographic problems in countries experiencing labour shortages. Nevertheless, between political crises that are beginning to resolve and a pandemic still upon us, 2021 ended with relatively optimistic forecasts in the field of economic recovery. The World Bank forecasts a 3.2% growth for the Peruvian economy, one of the best projections in the…
A snapshot of business risks in Peru
Peru was one of the fastest-growing economies in Latin America between 2002 and 2013, driven by sound fiscal and monetary policies and by growth in services, mining, and manufacturing. Between 2014 and 2019, growth slowed to an average of 3.1%, mainly due to lower commodity prices and a slowdown in private investment. The Covid-19 pandemic has significantly impacted Peru’s economy, with GDP decreasing by 11.1% in 2020. In 2021 the economy surpassed pre-pandemic levels, with a growth of 13.3%. The outlook…
