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April Unemployment Rate Falls To 8.3%

PERU
  • Peru’s Economic Activity rose 3.8% Y/y in March. The figure compared with a 4.9% rise the previous month, which was likely impacted by mining protests throughout the country.. Additionally, the April unemployment rate (Lima) fell to 8.3% from 9.4% in March.
  • Peru’s government approved $750 million in financing for state-owned Petroperu SA to address fuel shortages through year-end, the company said in a statement, citing a decree in official gazette El Peruano.
  • In politics, Peru Congress President Maria del Carmen Alva presented a bill late on Friday. The bill aims to bring back the Senate and restore the two-chamber legislature, which would require changing the constitution, according to the bill’s text.
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