Alberto Fujimori over government priorities; and a final "watered-down" phase (1999–2000) dominated by a clique of personal loyalists and their clientelist policies that aimed to secure Fujimori a third term as president. Business was a big winner of the reforms, with its influence increasing significantly within both the state and society. High growth during Fujimori's first term petered out during his second term. "El Niño" phenomena had a tremendous impact on the Peruvian economy during the late 1990s. Nevertheless, total GDP growth between 1992 and 2001, inclusive, was 44.60%, that is, 3.76% per annum; total GDP per capita growth between 1991 and
Alberto Fujimori to 17.7% of the votes in the second round, invalid votes jumped from 8.1% of the total votes cast in the first round to 31.1% of total votes in the second round. The large percentage of invalid votes in this election suggests that many Peruvians took Toledo's advice and spoiled their ballots. Although Fujimori won the runoff with only a bare majority, rumors of irregularities led most of the international community to shun his third swearing-in on 28 July. For the next seven weeks, there were daily demonstrations in front of the presidential palace. As a conciliatory gesture, Fujimori appointed