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Third Quarter GDP In Line, Goldman Sachs Downgrade Growth Forecast

PERU
  • Released late on Thursday, Peru’s third quarter GDP fell 1% Y/y, in line with the surveyed estimate and compared to a 0.5% decline the previous quarter. Private consumption registered at -0.1% y/y vs prior +0.4%.
  • Factoring in yesterday’s data, Goldman Sachs mechanically mark down their below-consensus real GDP growth forecast for 2023 as a whole by 20bp to -0.4%.

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