Peru’s Growth Misses Expectations as Fishing, Farming Contracts

Peru’s economic growth in April fell short of expectations, primarily due to sluggish performance in the fishing and agriculture sectors. According to the national statistics institute INEI, economic activity rose by 1.4% compared to the same month last year. This figure was below the median forecast from economists surveyed by Bloomberg, which had anticipated a 2.1% expansion. The underperformance highlights challenges in key industries, raising concerns about the country’s economic trajectory as Peru works to boost growth in these vital sectors.
— new from Bloomberg

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