The current account deficit in Peru reaches its highest level since 1998 with 6.6% of GDP in 1Q14
Published on Wednesday, May 28, 2014
The current account deficit in Peru reaches its highest level since 1998 with 6.6% of GDP in 1Q14
Summary
The Peruvian deficit reflects the downward correction in commodity prices, in particular metals. We estimate that this figure reduces the possibility of a cut in policy rates.
Geographies
- Geography Tags
- Latin America
- Colombia
- Peru
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
BBVA Research
BBVA Research