Stimulating

PERU - Report 08 Dec 2014 by Roberto Abusada
Executive SummaryThe government finally seems resolved to step up measures to address growth slowdown. After an array of small stimulus packages, Minister of Finance Alonso Segura is taking more aggressive steps, to prod growth toward the government’s 2015 5.5% of GDP target. Surprise! These proposals include tax cuts for corporations and individuals, and changes in labor law. We expect Congress to approve those swiftly. These initiatives have also helped the new young minister assert his leadership, and to accrue much-needed confidence.The political scene is increasingly dominated by corru...

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