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AmericasNovember 1 2011

Political and economic stability set to sustain Peruvian banks' growth

With its high economic growth rates and a good macroeconomic performance, Peru faces both the challenge of its number one trading partner, the US, bracing itself for another recession, and the fact that poverty now affects 31% of the South American country's population.
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Political and economic stability set to sustain Peruvian banks' growth

Peru’s new president, Ollanta Humala, who took office on July 28, faces two key challenges, according to government officials, bankers and regulators.

The first is to sustain Peru’s high economic growth rates and good macroeconomic performance in a difficult international situation, with the risk of another recession in the US – one of Peru’s main trade partners – and of eurozone financial turmoil.

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