Castilla Says Peru GDP Rebounding on Biggest Stimulus Since 2009
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Peru’s economy is rebounding from the slowest growth in four years after the government expanded fiscal stimulus to offset a slump in metal exports and investment, Finance Minister Miguel Castilla said.
Gross domestic product will rise 5 percent in the second half of the year, after expanding a “disappointing” 3.3 percent in the first half, Castilla said at an event in Lima today. He reiterated his forecast for GDP growth of as much as 4.5 percent for the full year.