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Global Macro-Market Outlook

Peru: September 2010 Outlook Update

Global Economics Outlook, GDP and CPI data for Peru

  • Strong domestic demand led to the closing of the output gap in H1 2010, while inflation expectations are getting closer to the upper bound of the target range.
  • This demand and inflation expectations are pushing the central bank to continue removing excessive monetary stimulus.
  • The main risk to our outlook is an outright recession in the U.S. and negative surprises in the polls ahead at the presidential elections in April 2011.

Outlook Update: Economy Booms While Political Chatter Begins

Peru registered a robust and better-than-expected economic performance in H1 2010 (8.2% y/y)[...]

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