Peru’s economy battered by floods, Brazil’s ‘Car Wash’ scandal

Global Business

Peru's economy battered by floods, Brazil's 'Car Wash' scandal

One of Latin America’s strongest and most stable economies in the last decade, Peru has seen a downturn this year — with growth for 2017 predicted to be around 2.5 percent.

A combination of forces – both natural and political – are to blame.

Floods, landslides and fallout from neighboring Brazil’s ‘Car Wash’ corruption scandal has dragged down Peruvian growth, though reconstruction after the flooding might help the economy rebound in the fourth quarter. 

CGTN’s Dan Collyns reports.

IDB economic adviser discusses outlook for Peru’s economy

CGTN’s Rachelle Akuffo spoke to Marta Ruiz, principal economic adviser for the Andean region at the Inter-American Development Bank, about the prospects for Peru’s economy and the challenges facing President Pedro Pablo Kuczynski.