Peru’s new president must appease markets to rescue economy ...Middle East

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LIMA: Peru’s newly-elected president, leftist trade unionist Pedro Castillo, faces an uphill battle building the market confidence he needs to address a deep economic crisis in a country battered by the coronavirus epidemic, analysts say.Voting last month for their fifth president in three years, Peruvians chose between two economic extremes — rural school teacher Castillo vowing to improve the plight of the poor, and right-wing rival Keiko Fujimori, backed by city-dwellers and investors.After more than six weeks of suspense as a jury reviewed claims of electoral fraud filed by Fujimori, political outsider Castillo was proclaimed president-elect late Monday — a U-turn on a quarter century of

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