Peru economy - updates

Rappler's latest stories on Peru economy


Virus-hit Peru GDP plummets 40% in April 2020

Jun 16, 2020 - 8:45 AM

Mining production falls sharply in Peru, one of the world's largest producers of copper, gold, and silver

People queue outside a bank to collect government aid bonuses, in the Amazon city of Iquitos, in the Peruvian Loreto region, on June 15, 2020, amid the COVID-19 coronavirus pandemic. - Peru's GDP registered a historical fall of 40.49% year-on-year in April due to the semi-paralysis of its economy caused by the drastic confinement imposed by the coronavirus pandemic, the government reported on Monday. (Photo by Cesar Von BANCELS / AFP)

Peru's ginger exports soar during pandemic

Jun 11, 2020 - 9:15 AM

Peru's commerce ministry says ginger's medicinal benefits likely caused the increase in consumption. But experts also caution there is no definitive evidence it can treat COVID-19.

Coffin-makers booming as Peru virus deaths soar

Jun 05, 2020 - 1:00 PM

The coronavirus pandemic leaves the dreams of many Peruvian small businesses in tatters, but coffin making and funeral services are flourishing

A worker paints a coffin at a factory at Juan de Lurigancho district in Lima, on June 3, 2020 amid the COVID-19 coronavirus pandemic. - While the Peruvian economy has been semi-paralyzed for 80 days due to the pandemic, coffin maker Genaro Cabrera has quadrupled his sales. (Photo by Ernesto BENAVIDES / AFP)

Chile, Peru secure credit lines from IMF amid pandemic

May 29, 2020 - 10:00 PM

(UPDATED) The International Monetary Fund grants Chile a $24-billion credit line and Peru an $11-billion credit line, both for two years

PANDEMIC. Relatives of COVID-19 patients queue to recharge oxygen tanks for their loved ones at the regional hospital in Iquitos, the largest city in the Peruvian Amazon, Peru on May 14, 2020 during the novel coronavirus pandemic. Photo by Cesar VonBancels/AFP

Pacific Rim LatAm countries show growing clout

Jan 28, 2013 - 10:07 AM

Spain s bid to join the Pacific Alliance illustrates the growing clout of the trade association between Chile Colombia Mexico and Peru a new rival to the South American trading bloc Mercosur

PACIFIC BLOC. Mexican President Enrique Pena Nieto, Colombian President Juan Manuel Santos, Chilean President Sebastian Pinera and Peruvian President Ollanta Humala walk together after holding a meeting of the Pacific Alliance - a trade association between the four countries - during the Latin American and Caribbean States (CELAC) in Santiago, on January 27, 2013. AFP PHOTO / MARTIN BERNETTI