After a decade of hectic growth, the Peruvian economy was hit hard by 2013's "tapering tantrum" - as Julio Verlarde, the country's central bank governor, describes the impact of the US Federal Reserve tapering its quantitative easing programme - but it is now back on course and predicted to grow by 6% in 2015. This year growth is likely to be about 4%, says Mr Verlarde, who argues that Peru's past decade has been about much more than a typical Latin American commodities boom. While Peru's economy was certainly boosted by high gold and copper prices over this period - and has been impacted by recent price reversals - it has an investment rate of 28% of gross domestic product (GDP), which is translating into both expanded commodity production but also increased exports in other sectors such as agriculture.
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