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…
The Modernisation of Peru Continues
The Modernisation of Peru Continues Bloomberg News, April 24 (Bloomberg) Something extraordinary is happening in Peru. There has been considerable improvement in the economy and in the stability of political life. And the country is experiencing strong — though still limited — progress in its social programs. But above and beyond these achievements, Peruvians are changing the painful perception they have long had of themselves and their country’s place in the world; they are altering the country’s…
