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Reuters
Reuters
Business
By Marcelo Rochabrun

Analysis-Years of political crises in Peru are finally hitting its economy

FILE PHOTO: Residents protest to demand government support for soup kitchens in Pamplona Alta, a low-income neighbourhood on the outskirts of the Peruvian capital where soaring food prices are placing animal proteins out of reach for the most vulnerable residents, in Lima, Peru April 11, 2022. REUTERS/Daniel Becerril/File Photo

Since 2011, Peruvians have lived under seven presidents and seen four ex-leaders detained or wanted on corruption allegations. Yet, in the same period Peru has held onto the unlikely title of the fastest growing major economy in Latin America.

That period of standout growth is set to end this year, an analysis of World Bank data and International Monetary Fund forecasts shows, with Colombia overtaking Peru.

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