Peru Hit by Unexpectedly Big Economic Slowdown Led by Copper

The unexpected contraction in Peru's economic growth highlights the vulnerabilities associated with heavy reliance on commodity exports, particularly copper. As global demand fluctuates, the Peruvian economy may face increased challenges, necessitating diversification strategies to mitigate risks. Policymakers will need to assess the impact of this slowdown on employment and public revenues, especially in a country where mining plays a pivotal role.