Economy
By Charlie
Peru's Trading Economy
Peru has a very fast-growing economy but in 2019 the economy growth weakened because of a combination of external and domestic reasons. Externally, Peru was reducing exports of primary products. Domestically the execution of public projects turned out to be lower than originally planned. Also when Covid hit this stopped a lot of trading making their economy weaker.
Government
Over the past few years, there has been a lot of corruption in Peru's Government. The Government put fighting corruption at the top of its agenda. This stalled large investment projects while they moved forward with the anti-corruption movement.
This is Peru's cabinet swearing an anti corruption pledge
This is the Government palace of Peru
Market Economy
The market economy of Peru depends on foreign trade. This makes Peru's Economy extremely vulnerable, because if at any time they stop getting exports the economy will collapse. The most popular market in Peru is the Inca Market located in Lima. Aggressive free trade strategys and promoting foreign trade investments have caused Peru to have one of the fastest growing economies.
Click Here to See a Street View of The Inca Market
