TAG: Peru
While Latin America as a whole has struggled to extend the growth and productivity gains it made in the early 2010s, it still remains an appealing and dynamic region to do business. However, the onset of Covid-19 in early 2020 added another layer of complexity to ongoing efforts to improve business environments, from Baja California to Buenos Aires.
Although the Americas was one of the last regions to be affected by the Covid-19 pandemic, strict government lockdowns forced companies to adapt to new ways of working in a matter of days at very short notice.
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.