45628
Peru Reports Economic Growth
World Economy

Peru Reports Economic Growth

Peru’s economy accelerated 4.88% in May on a year-on-year basis, the country’s national statistics institute reported on Friday, suggesting one of the world’s top copper producers is recovering from a slowdown, Reuters reported. The country’s economy expanded 4.02% in the 12-month period through May. Growth was led by a 33.2% jump in mining activity–the fastest monthly expansion since December 2001. This was thanks to a whopping 63.9% boost in copper production on the back of big mines coming back online. Peru’s economy grew an impressive average 6.4% until mineral prices started sliding, dragging economic growth down. It grew 2.4% in 2014 and 3.3% last year.

 

Short URL : http://goo.gl/bxg9ZQ
  1. http://goo.gl/RuPVSe
  • http://goo.gl/T0zQNB
  • http://goo.gl/oOs9E3
  • http://goo.gl/i7M5u5
  • http://goo.gl/LcrZWs

You can also read ...

Dealers and investors are still vulnerable to the kind of rapid, wholesale dumping of assets that sank Lehman.
These days, it’s virtually impossible to become a bona fide...
BIS says the global debt may be understated by $13 trillion.
Global debt may be under-reported by around $13 trillion...
Japan Leads Bitcoin Market
Japan has once again become the largest Bitcoin exchange...
Critics Comment on Reforming US Business Taxes
Some critics argue that reforming business taxes in the United...
Algeria Plans to Plug Budget Deficit
Algeria’s prime minister laid out a sweeping plan to plug the...
ECB Forecasts Slump in Eurozone Inflation
Inflation in the eurozone will slump in early 2018, the...
Economic growth has halved from last year to about  0.3% in H1 of this year.
The average UK asking price for a home coming onto the market...
Strong Growth to Ease France’s Budget Balancing Act
France’s economic recovery is strong enough for the government...

Trending

Googleplus