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Peru has announced a fiscal stimulus package totaling 90 billion soles (about US$26 billion), equal to 12% of GDP, covering health spending, tax breaks and loan guarantees. The government is also seeking a contingency credit line of up to US$18 billion from the IMF as its economy has largely halted under strict lockdown rules.
A large Peruvian stimulus and IMF support aim to cushion domestic demand, but the lockdown-driven slump and sol-financed spending bear on feed demand from Peru's poultry and livestock sectors and on the sol's exchange rate.
batimes.com.arGeoffrey ComteMar 30, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
