Hold on tight.

The fourth worry is political fragility. Ollanta Humala, the president, is popular. Businessmen are delighted that he has dropped much of his earlier leftism. But those who deem it sufficient to have a sound economic team look complacent. Peru’s political institutions are dysfunctional. Mr Humala, a former army officer, has no party to speak of. Felipe Ortiz de Zevallos, a business consultant, points out that only two of 25 regional presidents represent a national political party. The Congress is paralysed by factionalism, the police are often venal and the courts worse. “Everything is tied together with string,” says Mr Ortiz de Zevallos.

http://www.economist.com/news/americas/21571162-biggest-threats-latin-americas-economic-star-are-overconfidence-and-complacency-hold