Now the bad news. Exports might have been up slightly on January numbers, but February is like that. But exports also showed their second worst month since January 2007. Imports didn’t fare much better, registering their lowest month since June 2007.
Why is this important? Because total impex movements comprise around 50% (yeah, fifty percent) of Peruvian GDP. So much for Twobreakfasts and his shock-proof economy, as Matuk so rightly points out today.