Delegates to the annual IMF and World Bank Meetings are in Lima this October. The choice of Peru as host nation – the first in Latin America since Brazil (Rio de Janeiro) in 1967 – was intended to highlight the economy’s strong, long-term GDP growth, which has averaged around 5% over the last 10 years.
However, the slowdown in China and the related decline in commodity prices have hit Peru just as hard as other Latin American exporting nations.
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