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Industry Group Revise Peru 2022 GDP Estimate Lower

PERU
  • Peru’s industry group reduced the country’s 2022 GDP growth estimate to 2% from 4% due to the economic slowdown, the guild said in a statement via text message. (BBG)
    • Private investment could fall 8% this year affected by political noise, the group said.
    • “If the government promotes private investment and solves the social conflicts of mining and agro-export, Peru could return to the path of growth,” the guild said in the statement.
  • The Las Bambas copper mine in Peru will continue talks with local community members in a bid to resolve a dispute that has stalled operations, owner MMG said in an emailed response.
    • Negotiations Tuesday failed to garner an agreement with more talks scheduled, the company said

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