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Economy Ministry Expects 10% 2021 Growth

PERU
  • Peru's economic activity rose more than expected on broad-based gains, signaling the country's recovery is continuing despite recent political tensions.
  • Activity rose 47.8% in May from a year prior, above the 42.6% median estimate from analysts in a Bloomberg survey, the national statistics agency reported on Thursday. Separately, the Lima unemployment rate fell to 10.3% in June.
  • Economy and Finance Minister Waldo Mendoza reiterated that the Ministry expects a 10% increase in GDP for this year, while the Central Reserve Bank (BCR) expects a 10.7% GDP growth rate. (Andina)

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