Public Debt in Peru

Peru Public Debt | Economic News & Forecasts

Peru - Public Debt

Growth likely surged in Q2, marking the second consecutive quarter of accelerating GDP growth. Economic activity continued to increase at a strong pace in May following April’s five-year high, on the back of expansions in the agriculture, fishing and manufacturing sectors. Recently released data shows that credit to both businesses and households kept growing robustly in June, suggesting a continued solid economic performance. Moreover, in the same month, public investment spending jumped by a fifth in annual terms although the fiscal deficit narrowed for the fourth consecutive month, benefiting from surging tax revenues. However, in mid-July, the political scenario was shaken by a judicial scandal following leaked phone conversations in which judges appeared to illicitly negotiate promotions and criminal sentences. This led President Vizcarra to fire his justice minister, while the head of the Supreme Court resigned in mid-July. Although the government has promised a comprehensive reform of the judiciary in response, a protracted judicial crisis could undermine political stability and hit foreign investment.

Peru - Public Debt Data

2013  2014  2015  2016  2017  
Public Debt (% of GDP)20.0  20.1  23.3  23.8  24.8  

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Peru Facts

Bond Yield5.13-0.60 %Aug 14
Exchange Rate3.32-0.06 %Aug 15
Stock Market19,533-0.23 %Aug 15

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