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Peru’s Economy Unexpectedly Shrank in March, Slowing Recovery
Peru’s economy contracted in March, surprising economists who’d expected modest growth, as the South American country slowly walks out of its second-worst recession in 33 years. The economic activity index, a proxy for gross domestic product, fell 0.28% from the same month a year earlier, the national statistics agency INEI said Wednesday. The median estimate of 11 economists surveyed by Bloomberg was for 0.8% growth and only one analyst had forecast a contraction. Output also fell 0.29% compared to the previous month. The annual comparison reflects seasonal fluctuations, especially anchovy fishing which fell ... (full story)
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- Posted: May 15, 2024 4:12pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 194
