This child most likely has anaphylaxis due to sudden onset, history of allergies, normal growth and hypotension. The child requires emergency treatment - first medication is IM Epinephrine
Emergency treatment of anaphylaxis in infants and children.
http://www.cps.ca/en/documents/position/emergency-treatment-anaphylaxis
http://www.cps.ca/fr/documents/position/traitement-urgent-anaphylaxie
Canadian Paediatric Society Position Standard (2011) outlines clinical presentation and management of anaphylaxis.