After the vacancy of Dina Boluarteone of the questions that arise is what will happen to the economy. For now, the investment bank JP Morgan assured that “the impact will be limited in the market.”
“This political upheaval is not unexpected, given the inherent incompatibility of the strategies of the parties that previously supported Boluarte in the face of the campaign. (…) However, we highlight the increasingly influential role that violence and crime play, not only in the political sphere, but also in the real economy in general.”, he explained.
Likewise, he acknowledged that political uncertainty is not something new for Peru, and indicated that this is partly due to the low levels of approval that the authorities have.
“Political drama has been a hallmark of the country’s political landscape over the past decade, driven by Congress’ remarkably low threshold for presidential impeachment and chronically high approval ratings for both the executive and legislative branches,” he said.
This instability, as indicated, has been aggravated by the growing wave of violence and crime that has become people’s main concern, as well as the proximity of the 2026 elections.
“José Jerí thus became the third president since 2021 and the seventh since July 2016. He now has the responsibility of overseeing a democratic transition and ensuring that power falls to a president elected at the polls,” he added.
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