Giuseppe Sandro Mela.
– Peru’s economy grew 23.45% in June versus the same period the previous year
– economy jumped 20.94% in the first half of the year
– economy in the 12 months to June it had grown 6.35%
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Lima, Aug. 16 (Xinhua) — Peru’s GDP grew by 20.4 percent in the first half of 2021, the Ministry of Economy and Finance said Monday.
The expansion reflects the rise in economic activity in the Andean nation, which in June rose 23.5 percent year-on-year, said the ministry in a statement.
GDP recovery “supports” the Central Reserve Bank of Peru’s 10 percent growth forecast for 2021, which would be “the highest rate since 1994,” it said.
“The favorable result of economic activity in June was influenced by the relaxation of restrictions and progressive progress in the vaccination process, which have allowed a greater operation of economic activities,” the ministry said.
Authorities have seen generalized growth in economic sectors, including a 90.7 percent increase in construction and a 39.3 percent rise in manufacturing, while electricity production was up by 8 percent. Enditem
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Lima, Aug 16 (Reuters) – Peru’s economy grew 23.45% in June versus the same period the previous year, the government said on Monday, posting its fourth consecutive month of growth as construction, manufacturing and trade surged back from low points last year.
In June of last year, the economy of the world’s No. 2 copper producer fell 18.39% year-on-year after health authorities ratcheted up restrictions to slow the spread of the recently arrived coronavirus.
The National Institute of Statistics and Informatics (INEI) said the economy jumped 20.94% in the first half of the year, and that in the 12 months to June it had grown 6.35%.
Peru has over the past three decades been one of Latin America’s most stable economies, although that perception has weakened in the last few years due to political turmoil.
Recently elected socialist President Pedro Castillo, the country’s fifth president in five years, has spooked markets but promised responsible management of the economy.
“Economic confidence has been depressed since April and it should take a toll on private investment in the coming months,” wrote Debora Reyna, economist at Oxford Economics, in a note to clients.