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Peru's President Negotiates the Country's Problems

Sep 2, 2016 | 09:00 GMT
Peru's President Negotiates the Country's Problems
Recently elected Peruvian President Pedro Pablo Kuczynski celebrates Peru's independence in July. Kuczynski has promised to reinvigorate the country's economy despite reduced Chinese demand.
(ERNESTO BENAVIDES/AFP/Getty Images)

Peru is one of the stablest economies in Latin America, thanks to its gross domestic product growth, stable currency exchange rate, low inflation and free trade strategies. Even so, China's diminished demand for commodities has hurt the Peruvian economy, which depends heavily on mining and mineral export. Since taking office in late July, Peruvian President Pedro Pablo Kuczynski has vowed to revive the country's lackluster economic growth. But given Peru's surging violent crimes rate -- and its divided legislature -- Kuczynski may find that he has bigger things to worry about than the country's sluggish but stable economy....

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