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Statements

Subject Item
dbr:Lost_Decade_(Peru)
rdfs:label
Lost Decade (Peru) Década perdida (Perú)
rdfs:comment
The Lost Decade or the Crisis of the 80s (La crisis de los 80) 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%. La Década Perdida o la Crisis de los 80 fue un período de estancamiento económico en el Perú a lo largo de la década de 1980 que se exacerbó hasta convertirse en una severa crisis macroeconómica a fines de la década.​ La acumulación de deuda externa en toda América Latina, una serie de desastres naturales, gastos públicos masivos, nacionalizaciones de bancos e instituciones financieras y el cierre de Perú de los mercados crediticios internacionales llevaron a una década de declive macroeconómico. La crisis financiera pronto se adoptó en la esfera pública a través de la hiperinflación de los productos básicos, la escasez de alimentos y el desempleo masivo. Al final de la década, el producto interno bruto (PIB) de Perú se contrajo más del 20% y la pobreza aumentó al 55%.​
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dbc:History_of_Peru dbc:1980s_in_Peru dbc:1990s_in_Peru dbc:History_of_Lima dbc:Economic_crises dbc:Financial_crises
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President dbr:Alberto_Fujimori dbr:Alan_Garcia
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Al Fujimori.jpg Garciaalan09112006-1.jpg
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dbo:abstract
The Lost Decade or the Crisis of the 80s (La crisis de los 80) 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 countries such as the United States, Spain, Italy, Chile, Venezuela 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. Another part of the economic problems faced was due to the Peruvian government’s fight on terrorist groups, specifically the Shining Path, and rebuilding the damage of bombings from the group (which were usually including bridges, rail lines, and power installations). La Década Perdida o la Crisis de los 80 fue un período de estancamiento económico en el Perú a lo largo de la década de 1980 que se exacerbó hasta convertirse en una severa crisis macroeconómica a fines de la década.​ La acumulación de deuda externa en toda América Latina, una serie de desastres naturales, gastos públicos masivos, nacionalizaciones de bancos e instituciones financieras y el cierre de Perú de los mercados crediticios internacionales llevaron a una década de declive macroeconómico. La crisis financiera pronto se adoptó en la esfera pública a través de la hiperinflación de los productos básicos, la escasez de alimentos y el desempleo masivo. Al final de la década, el producto interno bruto (PIB) de Perú se contrajo más del 20% y la pobreza aumentó al 55%.​ La década de 1980 se considera a menudo como "la Década Perdida" en Perú, como resultado de sus crisis sociales y económicas. Como resultado de la crisis, grandes oleadas de peruanos emigraron a países vecinos como Estados Unidos y Argentina. La crisis financiera fue finalmente dominada durante el primer año de la presidencia de Alberto Fujimori, luego de una serie de reformas económicas que intentaron resolver la crisis de la deuda externa y la hiperinflación.​
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