Fujimori’s First Month: Economic Momentum, Questions Still to Come
Keiko Fujimori began with strong approval and a strong Peruvian economy. What she does with it will be decided before year-end.
LIMA—Keiko Fujimori took office on July 28 with something no Peruvian president has enjoyed in a decade: a functioning economy and the benefit of the doubt. Polls have put her approval between 53% and 60%, with disapproval near 30%. After eight presidents in 10 years, Peruvians are prepared to be optimistic on modest evidence. Private investment is posting double-digit growth, domestic investor confidence is recovering, formal job creation is picking up, and copper and gold are trading at levels that comfortably support any Peruvian budget. Economic growth is running near 3.5%, roughly...
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