# Peru economy slowing due to changeover, obstacles - BNamericas

> Peru's President Pedro Pablo Kuczynski said the economy is slowing due to bureaucracy and the change of government, with fourth-quarter GDP growth falling to 2.5% as construction contracted. The government also canceled an Odebrecht-led natural gas pipeline contract, delaying the US$7bn project.

- Date: 2017-01-25 · published 2017-01-25T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/73277-peru-economy-slowing-due-to-changeover-obstacles-bnamericas
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Weaker Peruvian growth and delayed infrastructure spending have limited direct effect on feed commodities, though slower activity can weigh on the sol.

## Read by commodity

- USDPEN: bullish ▲

## Sources

- bnamericas.com: https://www.bnamericas.com/en/news/peru-economy-slowing-due-to-changeover-obstacles

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