Economy & Business - March 2023

PERU: Protests dampen economic outlook

Peru has been in varying degrees of turmoil since the impeachment and arrest of former president Pedro Castillo (2021-2022) on 7 December. Castillo’s ousting, which came after he illegally attempted to dissolve congress, triggered a storm of popular unrest that his successor, President Dina Boluarte, has inflamed with a violent crackdown on demonstrators. The protests have unleashed major economic damage by severing transport links, forcing shutdowns in the mining sector, and deterring tourists.

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