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 ...

China Challenges US Solar Panel Duties
China says it is challenging a US tariff hike on solar panels...
In a retaliatory move, President Recep Tayyip Erdogan’s government on Wednesday announced higher tariffs on some US imports, namely on passenger cars (120%) and leaf tobacco (60%).
Turkey has raised tariffs on some US imports, including...
World trade volume growth peaked in January at almost 5.7% year-on-year but nearly halved to less than 3% by May.
Cyclical indicators point to slower and more uneven growth in...
File picture of Kim Jong-un (L) and Moon Jae-in at the truce village  of Panmunjom, South Korea.
South Korea President Moon Jae-in on Wednesday offered a bold...
Moody’s Predicts Slower Fiscal Progress in S. Africa
South Africa’s fiscal consolidation will be slower than the...
Nigeria CPI Drops to 11.14 Percent
Nigeria’s National Bureau of Statistics says the consumer...
Surging Inflation Mars Philippines Growth
The Philippine economy in 2018 is a story that can be summed...
Transport tickets and fuel have driven up costs for consumers.
Inflation in the UK climbed in the month of the July, as had...