Economic Update

Published 23 Aug 2021

The mining, agriculture and financial services sectors are essential pillars of GDP, and are fundamental to Peru’s socio-economic development and exports. While the Covid-19 pandemic severely impacted the economy – which suffered one of the largest contractions in Latin America in 2020 – growth forecasts for the next three years place it at the forefront of the region. One of the key elements of this positive outlook is the knock-on effect of the pandemic on corporate and institutional strategy, accelerating the adoption of more efficient and sustainable management processes, and strengthening the role of digital transformation and environmental, social and governance standards in both the public and private sector.

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