Peru to grow 3.3% in 2022, says economy ministry in downward revision
2022.08.25 13:42
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Peru’s Deputy Minister of Economy Alex Contreras, Minister of Economy and Finance Oscar Graham and Deputy Minister of Finance Betty Sotelo pose for photographs at a news conference addresses, in Lima, Peru July 14, 2022. REUTERS/Angela Ponce/File Photo
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LIMA (Reuters) – Peru’s economy ministry on Thursday lowered the country’s economic growth forecast to 3.3% this year, as the nation faces slower growth amid political turmoil, falling metal prices, high inflation and the effects of the war in Ukraine.
In May, the ministry had forecast GDP growth of 3.6% for 2022.
Peru now also forecasts growth of 3.5% for 2023, boosted by a larger mining supply and the normalization of economic activities hurt by the COVID-19 pandemic, the ministry added in a report.
