After a run of good years, Peru’s government faces mounting economic challenges. Bolstered by booming commodities demand in China and other emerging markets, the Andean nation’s gross domestic product expanded at an annual rate of almost $15 billion over the past decade. Inflows of foreign direct investment nearly doubled between 2009 and 2012. But the economy has cooled since, with annual growth sliding from 8.5 percent in 2010 to 5.8 percent last year. While Peru continues to lead its South American peers in terms of economic expansion, the country’s Central Bank significantly cut its growth forecast from 5.5 percent in […]
In Need of Investment, Peru Rolls Back Environmental Standards
