page_title: Lost Decade (Peru)
hierarchical_section_title: Lost Decade (Peru)
caption_attribution_description: Español: Skyline del CF (San Isidro) de Lima
context_page_description: The Lost Decade or the Crisis of the 80s was a period of economic stagnation in Peru throughout the 1980s which was exacerbated to a severe macroeconomic crisis by the end of the decade. Foreign debt accumulation throughout Latin America, a series of natural disasters, mass public expenditures, nationalizations of banks and financial institutions, and the shutting of Peru out of international credit markets led to a decade of macroeconomic decline. The financial crisis soon became adopted into the public sphere through hyperinflation in commodities, food shortages, and mass unemployment. By the end of the decade, Peru's gross domestic product contracted over 20%, and poverty rose to 55%.
  The 1980s is often deemed as "The Lost Decade" in Peru, as the result of its social and economic crises. As a result of the crisis, large waves of Peruvians immigrated to neighboring countries such as the United States and Argentina. The financial crisis was ultimately subdued during the first year of the presidency of Alberto Fujimori, after a series of economic reforms that attempted resolve the foreign debt crisis and hyperinflation.
context_section_description: The Lost Decade or the Crisis of the 80s (La Crisis de Los Ochentas) was a period of economic stagnation in Peru throughout the 1980s which was exacerbated to a severe macroeconomic crisis by the end of the decade. Foreign debt accumulation throughout Latin America, a series of natural disasters, mass public expenditures, nationalizations of banks and financial institutions, and the shutting of Peru out of international credit markets led to a decade of macroeconomic decline. The financial crisis soon became adopted into the public sphere through hyperinflation in commodities, food shortages, and mass unemployment. By the end of the decade, Peru's gross domestic product (GDP) contracted over 20%, and poverty rose to 55%.
  The 1980s is often deemed as "The Lost Decade" in Peru, as the result of its social and economic crises. As a result of the crisis, large waves of Peruvians immigrated to neighboring countries such as the United States and Argentina. The financial crisis was ultimately subdued during the first year of the presidency of Alberto Fujimori, after a series of economic reforms that attempted resolve the foreign debt crisis and hyperinflation.
caption: Skyline of San Isidro, Lima, one of Peru's major financial centers
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