Why is Peru’s economy not expanding at originally predicted rate?
On Tuesday, official data was released showing that as stronger mining activity offset a weak month for manufacturing, Peru’s economy expanded less than expected at 4.3% in August compared to the same month last year. The month with the second slowest rate so far in 2013 has been August. 4.6% had been the forecasted growth according to economists polled by Reuters. Economic growth has been dampened this year as a cause of weaker mineral prices and the softer demand from major buyers liked China of Peru’s…