# Peru launches economic stimulus plan equivalent to 12% of its GDP — MercoPress

> Peru unveiled a stimulus package equal to about 12% of GDP, the largest in the Americas, while Brazil and Mexico debate large packages. Peru's direct payments to citizens came before similar U.S. proposals. The sol posted the biggest gain among emerging-market currencies since the stimulus was announced on March 29.

- Date: 2020-04-09 · published 2020-04-09T12:00:00.000Z
- Category: policy · region Peru · magnitude low
- Page: https://feedsoft.ai/events/53920-peru-launches-economic-stimulus-plan-equivalent-to-12-of-its-gdp-mercopress
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Large fiscal spending backed by strong savings has supported the sol and kept Peru's risk premium low, which eases pressure on its currency. For feed buyers, the impact on Peruvian demand is indirect and limited.

## Read by commodity

- USDPEN: bearish ▼

## Sources

- en.mercopress.com: https://en.mercopress.com/2020/04/09/peru-launches-economic-stimulus-plan-equivalent-to-12-of-its-gdp

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.