Economics

Peru’s Post-Pandemic Recovery Halted as Political Chaos Grows

  • GDP grew 3.2% in final part of 2021 compared to 3.2% forecast
  • Interest rates hiked in February to tame fast inflation
Peruvian President Pedro CastilloPhotographer: Angela Ponce/Bloomberg
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Peru’s economic expansion came to a halt in the final months of 2021, signaling that one of the world’s fastest post-pandemic recoveries may be stagnating amid increasing political infighting.