International Monetary Fund. Western Hemisphere Dept.
INTERNATIONAL MONETARY FUND
This 2013 Article IV Consultation highlights that Peru's economy continues to be a leader in high growth and low inflation in the region, which has been achieved through a prudent macroeconomic policy implementation, a far-reaching structural reform agenda and taking advantage of the benign external environment. After reaching 4.7 percent in 2011, end-period inflation fell to 2.6 percent in 2012, within the 1-3 percent target range. Stimulative monetary and fiscal policies played an instrumental role in supporting the recovery. The outlook remains favorable in the near term despite challenging external conditions.