The local effects of a U.S. recession: impacts on exchange rate, exports and cost of finance

The slowdown in the United States, in response to the Federal Reserve' s rate hike to curb inflation, will moderately affect the Peruvian economy. In the face of rising rates and a deteriorating labor market, the U.S. economy would materialize a moderate recession in the second part of 2023, according to Citi. "There is a risk scenario to take into consideration:…