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UPCOMING WEBINAR - CENTRAL AMERICA OUTLOOK: COSTA RICA, EL SALVADOR, GU...

Swimming Upstream
PERU · Report · 21 Dec 2016

Education Minister Jaime Saavedra, considered by many the most valuable member of President Pedro Pablo Kuczynski’s (PPK) cabinet, was first impeached, then sacked, by the opposition-dominated Congress. While the supposed reason was corruption over computer purchases by lower-level officials, and...

Efforts and Frustrations
PERU · Report · 21 Nov 2016

Toward the end of his first hundred days in office, President Pedro Pablo Kuczynski’s popularity has declined significantly. This is partly due to natural impatience over the government’s seeming slowness in addressing top public concerns, such as the economy and security. But two other reasons a...

A Week After USA Election: Impact on the Peruvian Economy
PERU · In Brief · 14 Nov 2016

Clearly the main concern relates on the effect of possible implementation of policies on the global economy. A unilateral action on trade tariffs and non-tariff barriers could bring about unfathomable global repercussions. We reckon that the effects on trade with Peru would be very limited. Trade...

Improved Expectations, With A Growth Challenge Ahead
PERU · Forecast · 26 Oct 2016

We continue to envisage a relatively optimistic scenario for the Peruvian economy, though certainly less optimistic than the authorities do. GDP grew by a stronger 4.2% y/y in the first eight months of 2016, due to an 9.5% expansion of primary sector activity, driven by the production ramp-up of ...

Fighting for an Ambitious Agenda
PERU · Report · 12 Sep 2016

President Pedro Pablo Kuczynski is enjoying a warm honeymoon, with popularity ratings of around 61%, and approving commentaries in both domestic and international media. But he’ll have to negotiate hard with Congress to advance his ambitious five-year agenda. Key aims include raising potential GD...

PPK’s Mandate Starts Vigorously
PERU · Report · 05 Aug 2016

President Pedro Pablo Kuczynski, widely known as PPK, was sworn in on July 28th, though with a Congress comfortably dominated by the party of his losing opponent, Keiko Fujimori. Kuczynski used his inaugural speech to present his vision of a modern Peru, vowing to rekindle growth, and produce a “...

President Elect Pedro Pablo Kuczinski Reveals Names of Cabinet Members
PERU · In Brief · 15 Jul 2016

President of Cabinet, Fernando Zavala Foreign Affairs, 
Ricardo Luna Mendoza Defense, Mariano González Fernández
 Finance, Alfredo Thorne Interior, 
Carlos Basombrío Education, Jaime Saavedra Health, Patricia García Funegra Labor, Alfonso Grados Carraro Agriculture, José Manuel Hernández Calderon...

The Economy under Democratic Stress
PERU · Report · 05 Jul 2016

After trouncing Keiko Fujimori by the narrowest of second-round wins, Pedro Pablo Kuczynski will be sworn in as president on July 28th, for a single five-year term. Kuczynski won by just 0.2%, or about 41,000 votes. His triumph over Fujimori, who won twice as many votes as Kuczynski in the first ...

Keiko Fujimori Concedes Defeat
PERU · In Brief · 10 Jun 2016

During a short public presentation, and accompanied by her huge 73 strong force elected to the new Congress, Fujimori recognised Pedro Pablo Kuczynski's triumph. In her speech, she sated that their stance will be that of a strong and watchful opposition. She announced her intention of submitting ...

The Waiting Game
PERU · In Brief · 05 Jun 2016

Two pollsters give Pedro Pablo Kuczynski al slight lead according to their 'rapid count', which is based on a sample of actual voting ballots.Ipsos Kuczynski : 50.5% Fujimori : 49.5%GFK Kuczynski 50.8%: Fujimori: 49.2%Error margin: plus/minus 1% ONPE, the oficial electoral body will not be able t...

Ahead of Today's Election Results
PERU · In Brief · 05 Jun 2016

During the very last days of the campaign we have seen a rapid climb in the vote intention in favor of Kuczynski. They are now neck and neck and given an error margin of 2-3 pp up or down, it will be difficult to draw a meaningful conclusion early on just by assessing exit polls. Later in the eve...

Candidates in the runoff now tied
PERU · In Brief · 03 Jun 2016

The clear 5 pp lead just a few days and in the Sunday's Ipsos poll (the last day poll results are allowed to be published in Peru) has practically vanished. The latest private poll by GFK conducted on Wenesday and Thursday now show Fujimori leading by just 0.6pp (2.3 error margin ). The Fujimori ...

Keiko Leading, PPK Keeps Fighting
PERU · Report · 29 May 2016

Two pro-market presidential candidates are competing in the June 5th runoff, after an April 10th first round that also gave Keiko Fujimori’s party a comfortable congressional majority, of 73 seats out of 130. Her opponent Pedro Pablo Kuczynski drew only 18 congressional seats, but narrowly trounc...

Things Are Looking Up
PERU · Forecast · 06 May 2016

Due to better domestic and external conditions, our economic outlook is more optimistic than at the time of our last Quarterly, on February 1st. Growth is rebounding powerfully, driven by expansion of primary activities, which in turn have been spurred by the activities of two mega mines. For 2...

Kuczinski now sure in the runoff. Peruvian assets surge
PERU · In Brief · 11 Apr 2016 · 2 responses

With 82.55% of the votes already tallied, Keiko Fujimori, Pedro Pablo Kuczynski and Veronica Mendoza have gathered 39.55%, 22.11% and 18.27% respectively. Markets reacted very positive to the electoral results. The sol appreciate by 2% against the dollar in early trading, sovereign bonds yields t...