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Velarde Sees Improved 2012 Outlook for Peru, Andina Says

Peru’s economy may expand at a faster-than-expected pace this year as global conditions improve, Andina reported, citing comments by central bank President Julio Velarde.

The Andean nation’s growth may exceed the central bank’s forecast of 5.5 percent, Velarde said, according to the government’s online news agency. The bank is considering issuing a revised forecast in March, he said, according to Andina.

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