Open figure viewer
Significance
The Peruvian economy appears to be benefiting not just from increased mining production but also from a moderate improvement in commodity prices. If sustained, these will feed into improved growth prospects this year and next. Domestic demand, however, is in the doldrums.
Impacts
The Peruvian economy is becoming ever more dependent on the mining industry.
Highly capitalised, this has a very limited direct impact on employment.
Difficulties in achieving a 'social licence' will continue to pose problems for new mining projects.
Keywords:
Peru,
LA/C,
economy,
industry,
politics,
consumer,
employment,
fishing,
foreign investment,
foreign trade,
government,
growth,
legislation,
manufacturing,
metals,
mining,
natural resources,
prices,
regulation
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2016
You do not currently have access to this content.
