Peru’s new crown has confirmed more than 440000 cases of economic damage, but recovery has advantages

novel coronavirus pneumonia reported novel coronavirus pneumonia in Peru on August 6th. According to the 6 day report of the Peru public hearing, more than 440 thousand new cases of crown pneumonia have been accumulated in the city since the outbreak of the new crown pneumonia, and the death toll exceeds 20 thousand. According to the latest forecast of ECLAC, Peru will be the second largest economic recession in Latin America in 2020, and its GDP will drop by 13%, second only to Venezuela. According to reports, on August 5, local time, the Peruvian exporters’ Association also reported that Peru’s exports in June 2020 would be 2.698.6 billion US dollars, a decrease of 32.1%. This shows that the restart of economic activity has reduced the decline to a certain extent, but it can not stop the decline. By the end of June, Peru’s total exports in the first half of 2020 amounted to US $16.299 billion, a decrease of 27% compared with the same period in 2019. According to the exporters association, if the monthly decline exceeds 26%, the cumulative figure will continue to deteriorate, and the government must vigorously promote export development in the rest of 2020 and 2021. However, Daniel, chief economist at credicorp capital, a leading credit consulting firm in Peru, said the government’s portfolio, demographic dividend and financial penetration potential were the advantages of Peru’s economic recovery. “In the medium and long term, we are optimistic about Peru’s economy, because Peru has many advantages that other countries do not have,” Daniel said in his speech He pointed out that the government has a lot of investment plans in mining, infrastructure, energy and other sectors. < p > < p > Daniel also stressed that Peru is one of the countries with the youngest average age in Latin America. The average age of Peru’s population is two to three years lower than that of Latin America, which means Peru still has a demographic dividend. In addition, he said, “debt penetration is still low in the region, with the exception of Peru.”