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15 Jul 2019, Radoslav Yordanov, EMIS Editor

Peruvian economy shows signs of recovery in June

Peru’s economy will improve significantly in June in comparison with April and May, the Central Reserve Bank (BCR) forecasted. “In June, the leading indicators show a better performance and point towards a recovery”, BCR Economic Studies Central Manager Adrian Armas said quoted by Andina news agency.

According to bank’s estimates, public investment may have jumped 20.1% y/y in June, while domestic cement consumption is expected to have grown 8.8% y/y.

Last week, central bank’s Governor, Julio Velarde, informed that the Peru’s GDP expanded 2.28% in the first quarter of 2019 and forecasted that it might have grown 2% in the Q2.

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