Peru
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America and the Caribbean 1989 , pp 573-603
- Publication Date: December 1989
- DOI: https://doi.org/10.18356/b6e4d855-en
- Language: English
The domestic recession which had hit the Peruvian economy the year before increased in severity in 1989 (-11%), bringing down the per capita product to a level 25% below that recorded at the start of the 1980s and prompting a further decrease in gross national income. At the same time, the rate of price increases remained high throughout the year, with a 12-month inflation rate as of December of 2 800%, while real wages and salaries dropped to just half of their already low 1988 level.
© United Nations
ISBN (PDF):
9789210583299
Book DOI:
https://doi.org/10.18356/075cc9f2-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Peru
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