Castillo’s victory increases uncertainty in Peru and could delay recovery
After more than two weeks of vote counting, Pedro Castillo will be announced as the next President of Peru. Castillo, a left-wing candidate and former primary school teacher who entered politics in 2017, beat Keiko Fujimori by a margin of less than 45,000 votes, approximately 0.2% of the total. He is supported by the rural areas of the country and benefited from public discontent with growing income inequalities. In this Macro Flash Note, Joaquin Thul looks at the potential implications of the election result.
