Peru: 2011 Article IV Consultation: Staff Report; Supplement; and Public Information Notice

International Monetary Fund

No 2012/026, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2011 Article IV Consultation reports that Peru’s activity is expected to decelerate in 2011–12 to slightly below trend while inflation declines toward the target and the external current account deficit remains contained. Short-term risks are markedly to the downside given global uncertainty. Once international turbulence subsides, strong growth prospects and abundant international liquidity could increase capital inflows. The fiscal policy focus on undertaking the capital expenditures budgeted for 2011 is appropriate. Macroeconomic stability, growth potential, and social inclusion could be strengthened by adopting an ambitious reform agenda.

Keywords: ISCR; CR; real gross domestic product; Peru; private sector; central bank; inflation prospects; IBRD portfolio status; appreciation expectation; exchange rate; foreign currency; real GDP; Currencies; Public sector; Loans; Global (search for similar items in EconPapers)
Pages: 62
Date: 2012-02-01
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