Peru : Staff Report for the 2010 Article IV Consultation.

This 2010 Article IV Consultation highlights that growth in Peru decelerated sharply in 2009, owing to the global financial crisis, but remained positive at about 1 percent for the year, despite a few months in negative territory. Thanks to the strong buffers built in recent years, Peru was able to...

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Bibliografski detalji
Autor kompanije: International Monetary Fund
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2010.
Serija:IMF Staff Country Reports; Country Report ; No. 2010/098
Online pristup:Full text available on IMF
Opis
Sažetak:This 2010 Article IV Consultation highlights that growth in Peru decelerated sharply in 2009, owing to the global financial crisis, but remained positive at about 1 percent for the year, despite a few months in negative territory. Thanks to the strong buffers built in recent years, Peru was able to implement a significant monetary and fiscal policy response, which helped to avoid a credit crunch, support domestic demand, and sustain employment. The central bank injected substantial liquidity in the financial system and lowered the policy rate to an historic low of 1.25 percent.
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Opis:1 online resource (67 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Pristup:Electronic access restricted to authorized BRAC University faculty, staff and students