As Latin America continues its economic recovery from Covid-19, countries in the region are increasingly looking towards the circular economy as a platform for sustainable future growth.
Peru
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Economic update | Vaccine rollout in Latin America: which countries are setting the pace?
22 Apr 2021
As the global Covid-19 vaccine rollout continues, Latin American governments have seen their own vaccination strategies meet with varying levels of success.
Covid-19 has had a significant impact on the Latin American residential real estate market, with the economic slowdown and increased investor uncertainty serving to dampen growth in the short term. Nevertheless, the pandemic has stimulated demand for both rental properties and accommodation with outdoor space, while also accelerating the digitalisation of the industry and boosting competition among mortgage lenders.
Peru’s response to Covid-19 won the country international plaudits in the early stages of the pandemic, thanks to its extensive testing regime and regional benchmark stimulus package. As countries begin the cautious process of reopening their economies, authorities in Peru are now looking to the mining industry to spearhead recovery.
Partly as a result of coordinated government efforts since the outbreak of the novel coronavirus, food supply chains in Peru have remained relatively resilient to logistical challenges and national lockdowns.
Peru has responded quickly and effectively to Covid-19. It was the first country in the region to impose a quarantine, on March 15, followed by a curfew on March 18.