After a period of exuberant growth, Peru has suffered a dramatic economic slowdown in the past five years. The Andean country expanded by only 1% in the fourth quarter of 2014 compared with the same period a year earlier, after coming to a near halt in June with a mere 0.3% growth registered for the month.
Peru's growth for 2014 was 2.4%, according to official data, less than half the 5.8% of 2013. The world’s third largest copper producer was badly hit by weaker commodities prices and falling demand from Asia.
