Key View:

• Peru’s new government has aligned itself with community opposition to the USD1.4bn Tia Maria copper project, which we expect to embolden protestors and galvanise further community opposition to mining projects in the country.
• These developments come amidst a growth in resource nationalism from the government following the

Key View

• At Fitch Solutions, we expect that rebounding private consumption and investment in Peru will underpin 10.2% real GDP growth in 2021 and 4.7% growth in 2022. In Q221, the economy grew 41.9% y-o-y.
• While our growth forecasts imply that Peru will fully recover from the Covid-19 pandemic in 2022, less favourable government policies and

Key View

• At Fitch Solutions, we believe that investment in e-grocery in Peru is being accelerated by the Covid-19 pandemic and that significant growth opportunities will occur over the medium-to-long term.
• Investment in Peru’s e-grocery sector will be driven by its attractive demographics profile (a large and young urban population), as well

Key View

• Leftist Pedro Castillo’s near-certain victory in Peru’s presidential run-off election held on June 6 will heighten concerns over policy direction due to Castillo’s lack of experience and his party’s far-left economic policy views.
• While we at Fitch Solutions believe that Castillo’s selection of advisers and limited support in

Key View

• This quarter, we have adjusted our forecast for Peru’s construction industry, and now expect the industry to see real growth of 17.2% y-o-y in 2021 and average real growth of 2.8% between 2022 and 2025, revised from previous forecasts respectively of 19.6% y-o-y and 2.7% y-o-y. We now estimate that the industry contracted by 16.6% in

Key View

• Port and waterways infrastructure will be see a strong increase in construction investment over the coming quarters, leading the sector to robust activity over the next five years.
• The Chancay Multipurpose Terminal project will stand out as a driver of port and waterways infrastructure investment in Peru over the next several years

Key View

• Peru has begun to reach deals for access to Covid-19 vaccines in 2021; however, it remains far off the required doses for full coverage of its adult population.
• Ongoing political risks will present challenges to vaccine procurement and roll-out plans.
• We expect that pharmaceutical spending will be increased by the purchase of

Key View

• Peru’s infrastructure and building construction sectors will benefit from a reduction in short-term political uncertainty in Peru following the appointment of Francisco Sagasti as president of Congress on November 16, effectively making him Peru’s interim president.
• Sagasti’s appointment puts an end to a period of high uncertainty

Key View

• Peru’s medical device market will grow quicker than previously expected from 2022 to 2024.
• The implementation of universal healthcare and health digitalisation will aid growth following the economic shocks of the Covid-19 pandemic.
• Consumables, and orthopaedics and prosthetics to grow most significantly faster than expected as all