Peru

Among the unfavourable circumstances confronting the Peruvian Government at the close of 1953 and early in 1954 were the following: foreign exchange difficulties resulting in a sharp depreciation of the rates for the sol; losses of international reserves; a comparatively heavy deficit in public finances; the fall in world market prices for certain strategic materials which represent major items in Peru’s export trade; and the threat of an inflation which had previously been contained within reasonable bounds. The information available at the end of 1954, while suggesting that the equilibrium has been restored and could probably be maintained in the immediate future, also indicated a lower over-all level of activity, which is reflected in the figures for national income and investment.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions