64947
Peru Growth Falls
World Economy

Peru Growth Falls

Peru’s economy grew by 2.1% in the first quarter versus the same 2016 period, its lowest rate in two years due to floods that weighed on construction activity, according to data released Saturday by the country’s official statistics office, Reuters reported. The government had warned that growth was negatively affected by severe flooding during the first three months of the year, which led to a 5.3% decline in construction. Growth was supported during the quarter by a 2.2% rise in private consumption and a 13.1% increase in export demand, according to the INEI statistics office. The country’s gross domestic product expansion for the quarter was the lowest since 1.9% growth was registered in the first three months of 2015. Economic growth was 4.4% in the first three months of 2016 and 3% in the fourth quarter, according to INEI.

 

Short URL : https://goo.gl/I1m8M3
  1. https://goo.gl/AwD2Em
  • https://goo.gl/pZpiHI
  • https://goo.gl/3FlFFC
  • https://goo.gl/wzVyGI
  • https://goo.gl/J2qt1S

You can also read ...

Imran Khan Says Economic Revival a Priority
Pakistan Prime Minister Imran Khan on Thursday said that the...
Zimbabwe is in arrears of nearly $1.8 billion  to the World Bank and ADB .
The International Monetary Fund Thursday said it was ready to...
Premier Li Keqiang has  voiced confidence in China’s ability to overcome obstacles.
Chinese officials are shrugging off warnings that the trade...
While the tariff conflict may still be in its infancy,  global trade growth rate has almost halved.
The global economy will continue to expand strongly in the...
Global Stocks Hit 6-Month High
World shares hit their highest levels in more than six months...
Poland to Maintain Solid Growth
Polish economy’s all significant macro fundamentals appear...
King Khaled International Airport
Saudi Aramco may have grabbed the biggest headlines, but the...
Georgia Economy Recovering
Christine Lagarde, the managing director of the International...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus