# GlobalSource Partners | A new battle cry

> Peru's President Martín Vizcarra proposed constitutional reforms in a July 28 speech, including banning consecutive congressional terms and requiring gender-balanced party slates, and scheduled an October 7 referendum on them. GDP grew 5.4% in Q2 on agriculture and fisheries, but June growth slowed to 2%, and Q3 growth is forecast at 2.7%.

- Date: 2018-09-14 · published 2018-09-14T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/63316-globalsource-partners-a-new-battle-cry
- Commodities: [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md), [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Political uncertainty is mostly a domestic issue, but the fishing and mining slowdown signals reduced Peruvian fishmeal output if the second fishing season underperforms, which could tighten global fishmeal supply and support prices.

## Read by commodity

- USDPEN: neutral
- FISHMEAL: bullish ▲

## Sources

- globalsourcepartners.com: https://www.globalsourcepartners.com/posts/a-new-battle-cry/teaser

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