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Peru: 2012 Article IV Consultation
Author:
International Monetary Fund. Western Hemisphere Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2013: Issue 045
Language:
English
Publication Date:
22 Feb 2013
DOI:
https://doi.org/10.5089/9781475578508.002
ISBN:
9781475578508
ISSN:
1934-7685
Pages:
74
Keywords:
ISCR; CR; Peru; private sector; anti-inflationary stance; authority; Peruvian authorities; reserve adequacy; foreign currency; poverty rate; growth shock; Capital inflows; Currencies; Public sector; Global
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This paper discusses Peru’s economic performance in 2012. The impressive growth is owed to its strong fundamentals and sound policy management. However, the economy is vulnerable to short-term shocks. A low growth in China or in the United States could hamper Peru’s macroeconomic performance. The Executive Board has identified structural reforms for improving productivity, and recommends proactive use of macroprudential measures to limit financial vulnerabilities in the context of large capital inflows and strong credit growth.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund