1. Despite the government imposing some of the strictest lockdown measures and offering stimulus measures to supporthouseholds, Peru has been one of the worst affected countries by Covid-19 and faces one of the deepesteconomic contractions in the Latin America region.2. The country will face further pressure in the years to come, with high unemployment rates and sluggish growth for realhousehold spending projected. Declining purchasing power and consumers becoming more price sensitive, as they seek totrade down price points and deals, will accelerate demand for discount and wholesale mass grocery retail (MGR).
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