Peru Economy to Grow Less Than Forecast 3.5%: Velarde
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Peru’s economy will expand less than policy makers forecast this year, central bank President Julio Velarde said, after falling metal prices hurt investment.
The economy will grow close to 3.5 percent, down from the 4 percent to 4.2 percent forecast by the central bank and government, respectively, Velarde said at an event in New York today.