The current lockdown in Peru is better focalized and calibrated because it allows primary productive sectors to continue operating, Director of Latin American Sovereigns at Fitch Ratings Kelli Bissett-Tom has affirmed.
According to Bissett-Tom, this lockdown is better calibrated, localized, focused on key transmission points and —what is more important— it allows primary sectors such as mining, fishing, agriculture, and forestry to operate in general.
"The broad policy response to support households and businesses —and thus avoid more serious damage to the labor market, particularly in Lima and other urban areas— is more pronounced this time," she told Andina news agency.
Furthermore, the expert said that Peru learned the lesson of the strict confinement measures adopted in the second quarter of 2020.
Growth outlook
On the other hand, the officer pointed out that Fitch Ratings' forecast for Peru's real GDP growth stands at 9% with a downside risk.
(END) MDV/MVB