Earnings Conference Call
4Q/2020
<1> Market Backdrop
<2> 3Q20 Results
<3> Outlook
<4> Key Takeaways
<1>
Market Backdrop
Economic Reactivation in Peru Continues
Seasonally-adjusted GDP (4Q19 = 100) (1)
100
97
69
4Q08 | 4Q11 | 4Q14 | 4Q17 | 4Q20 |
Payroll payments through the banking sector | Price of Copper |
(% change y/y) (2) | (USD/lb., as of February 8th) (3) |
We expect GDP to rebound between 8% and 10% in 2021, underpinned by high copper prices; capital inflows to emerging markets; and expansive monetary and fiscal policies on the local front
(1) Source: Central Bank of Peru. Economic Research Department - BCP | 4 |
- Source: Asbanc, BCP.
- Source: Bloomberg
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