Peru’s Economy Rebounds by Record 42% After Slump Last Year
- Rapid growth came amid high political and financial volatility
- Peru raised key rate for first time in five years this month
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Peru’s economy rebounded in the second quarter, shrugging off political and financial volatility as it recovers from one of the world’s deepest slumps last year.
Gross domestic product grew 41.9% in the three months through June from the same period a year earlier, the national statistics institute said Monday. The result was higher than the 41.5% median estimate of analysts surveyed by Bloomberg.