Peru announces an extensive package of fiscal measures to boost growth

Summary

The measures include lowering income tax from 2015 onwards, as well as measures to streamline infrastructure. The plan should not represent a problem for fiscal sustainability given the low gross public debt. Today we will see the publication of the third quarter GDP data in Mexico, where we expect slow growth driven by industry; confirming that our estimates of growth for the year could be slightly below the 2.5% originally estimated.

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