The present value of the additional public expenditures created by the measure is estimated at about three percentage points of GDP. This bill, if implemented, would also have negative consequences for the private pension system, which as of the end of 2005 had.5 billion in assets under management.
Carola Sandy
The passage of this message is an indication of the potential setbacks to the fiscal sector that could result from a government or congress that wants to pursue a populist agenda.
government potential message congress result
Either he'll do well or he'll fall flat on his face and be ousted within a year. Either way, the MAS got their chance to govern.
chance fall face
management system negative present end public measure consequences
Investors are going to shy away from Peru until they see a clearer electoral outcome. What hurts the markets more than anything is the uncertainty.
uncertainty shy
The economy is detached from the political noise surrounding the electoral process.
political process economy noise
Political noise and the proximity of the general elections are not damping business sentiment. The strong fiscal performance reflects the buoyant economy.
business strong political elections economy performance noise sentiment
One of the reasons that the central bank raised rates is to try to decrease market volatility that could arise from the election results.
results market reasons election
A lot of people were expecting Flores to do better, so there's going to be disappointment. It's going to be messy.
people disappointment
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