Peru’s Economy No Longer Isolated From Political Turmoil, Says Finance Minister
- Peru had previously forecast economic growth of 3.1% for 2023
- Impact of ‘social conflicts’ on Peru’s economy more noticeable
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Peru’s Finance Minister Alex Contreras on Thursday said historic protests this year had had a “huge” impact on the economy, prompting the ministry to mark down growth forecasts for this year.
Speaking at a press conference in Lima, Contreras said that the Andean nation’s economy would only post a 2.5% expansion in 2023, down from a late February forecast of 3.1%.