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Poverty in Peru would have been reduced to 22.1% in 2021, according to the IMF

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The International Monetary Fund (IMF) today published an article on Peru and pointed out that after poverty has reached 30.1% of the population in 2020, this indicator would have fallen 8 percentage points and stood at 22.1%. at the end of 2021, still above pre-pandemic levels, when it stood at 20.2%, according to the agency.

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“Poverty increased significantly in 2020 and is still above pre-pandemic levels, despite some improvement in 2021,” the IMF said in a statement.

The international organization estimates that economic growth for this year would be 3%. However, there are external risks stemming from current geopolitical tensions, a marked tightening of world financial conditionscontinued disruptions to global supply chains and a sharp slowdown in growth in China, Peru’s main trading partner, all of which could dampen expansion.

Domestically, the risks are new outbreaks of COVID-19which could lead to the reintroduction of containment measures, while political uncertainty and social upheaval could dampen private investment.

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Likewise, the IMF warned that inflationary pressures could be more persistent and require a more rapid tightening of monetary policy. “Faster progress in containing the pandemic, both domestically and internationally, and an easing of political uncertainty could produce positive surprises,” he adds.

Source: Larepublica

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