Economics
Peru Growth Slows as Fiscal Curbs Add to Investment Decline
- Weak domestic demand offsets mining surge in second quarter
- Private investment falls for tenth consecutive quarter
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Peru’s economic growth slowed for a second consecutive quarter as public spending eased and private investment extended its deepest contraction in more than a decade.
Gross domestic product rose 3.7 percent in the second quarter from a year earlier, the government’s statistics agency said in an e-mailed statement. The figure matched the median estimate of analysts surveyed by Bloomberg and compares with a revised 4.5 percent increase in the first quarter.