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Castillo Says Country Suffering Unprecedented Institutional Crisis

PERU
  • Economic activity expanded in line with surveyed estimates in January, as a boost from agriculture, mining and hospitality allayed fears that the economy could be stagnating amid political infighting.
    • As a reminder, production increased 2.9% from January 2021.
  • Peru President Pedro Castillo said the country is suffering an unprecedented institutional crisis during a speech to congress a day after lawmakers approved a motion to impeach him.
    • Castillo vows PEN8.9 billion worth of stalled public works to move forward (BBG)

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