Peru’s Turmoil Doesn’t Have to Be Latin America’s Future (Bloomberg via Washington Post - 12/20/2022)


You might forgive people puzzling over the political turmoil that has overtaken Peru. By standard economic metrics, the country was an undisputed regional success. Its economy grew by 4.5% a year, on average, in the decade before being walloped by the coronavirus. That is almost four times the average across South America. 

Until the advent of the pandemic, poverty declined consistently and even inequality abated somewhat. Though the economy suffered a disastrous 2020, it rebounded sharply last year, growing by a whopping 13.6%. 

And yet former president José Pedro Castillo is now sitting in prison, having been impeached and removed from office by a Congress that he had tried to dissolve just hours before. Police have been deployed to suppress street protests by Castillo’s supporters while his successor and former vice president, Dina Boluarte, has put the country under a state of emergency. (more)

Tags #Peru #PedroCastillo #Analysis

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