Holidays will be moved to Mondays in 2027, but there are warnings about the 'accordion effect': What is it about?

The Peruvian Ministry of Economy and Finance has announced plans to shift national holidays that fall between Tuesday and Friday to the nearest Monday, beginning in 2027. This policy aims to create extended weekends throughout the calendar year, impacting the country's 16 official national holidays.

Economic analysts have raised concerns regarding a potential 'accordion effect' resulting from these adjustments. While the move is intended to stimulate tourism and domestic activity through longer breaks, the term refers to the potential for economic volatility or productivity fluctuations caused by the concentration of these extended time-off periods.