Sep 10, 2010
| Last Updated
- 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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