Yungay, Peru (27 September 1962), the government ordered them to retract or face prison, and they fled the country. Citizens were forcibly prevented from speaking of an impending disaster. Eight years later the prediction came true. Caves Earthquake of 31 May 1970 Yungay, Peru Yungay is a town in the Ancash Region in north central Peru, South America. Yungay is located in the Callejón de Huaylas on Río Santa at an elevation of approximately 2,500 meters, 450 km north of Lima, the country's capital. East of the small town are the mountain ridges of snow-covered Cordillera Blanca, with Huascarán, Peru's highest mountain,
Economy of Peru Economy of Peru Peru is classified as "upper middle income" by the World Bank and is the 39th largest in the world by total GDP. Peru is one of the world's fastest-growing economies, with a 2012 GDP growth rate of 6.3%. It currently has a high human development index of 0.741 and per capita GDP above $12,000 by PPP. Neo-classical economists would interpret Peru's sound economic performance as a combination of: However, Post-Keynesian economists would argue that what neo-classical economics considers to be "prudent" fiscal spending is nothing more than a means to restrict government spending in order to make