Peru Lowers 2015 GDP Forecast to 4.2% With Downward Bias

Peru’s Finance Minister Alonso Segura said additional fiscal stimulus measures aren’t required to revive growth after he cut his 2015 forecast for economic growth for the second time in two months.

Gross domestic product likely will rise 4.2 percent this year, Segura said at an event in Lima. Segura on Jan. 29 lowered his 2015 economic growth forecast to 4.8 percent from more than 5 percent previously.