70-10-19 Latin American Economy & Business Report
Economy & Business Report
Trade war to cause long-term uncertainty despite short-term benefits
Peru’s economy & finance minister, Luis Miguel Castilla, resigned on 14 September. Castilla was the last remaining minister from the first cabinet sworn in by President Ollanta Humala in July 2011. The opposition has been gunning for Castilla for some time, especially since economic growth began grinding to a halt this year, but he had appeared untouchable, forming part of a triumvirate along with Humala and First Lady Nadine Heredia (notably excluding the oft-altered prime minister) calling all of the shots.
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