Peru GDP Grew at Slowest Pace Since 2009 in Fourth Quarter

Peru posted the slowest economic growth in five years in the fourth quarter as interest-rate cuts and fiscal stimulus failed to revive South America’s fastest growing economy of the last decade.

Gross domestic product increased 1 percent from the same period a year earlier, the nation’s statistics agency said in an e-mailed report. The median estimate of 12 analysts surveyed by Bloomberg was for a 1.1 percent rise. GDP increased 1.8 percent in the third quarter.