Although Peru entered the crisis in a strong fiscal position and deployed an aggressive stimulus programme to counter economic fallout, high case counts, stringent restrictions and infrastructure deficits weighed on public finances and health outcomes. With the country eyeing recovery, several key sectors have largely returned to pre-pandemic levels of activity, driven by mining and construction, and industries such as agriculture exhibited resilience and growth throughout the pandemic. At the same time, new trends emerged and accelerated over the course of 2020, providing alternative economic drivers with a long-term growth horizon. Notable potential lies in e-commerce, and health and wellness-focused agro-exports.
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