Reuters logo
Peru central bank trims GDP outlook on tough global economy
June 20, 2013 / 4:44 PM / 4 years ago

Peru central bank trims GDP outlook on tough global economy

LIMA, June 20 (Reuters) - Peru’s central bank trimmed its 2013 economic growth outlook to 6.1 percent from 6.3 percent on Thursday as a tough global economy crimps demand and prices for the country’s minerals exports.

It also slashed its forecast for the 2013 trade surplus to $675 million from $2.77 billion.

But domestic demand, which has led growth in recent years, remains strong - contributing to a wider view for the current account deficit, now expected at 4.4 percent of gross domestic product this year as imports remain robust.

In March, the central bank had forecast a current account gap for this year of 4 percent of GDP.

The government, which has won plaudits from rating agencies for its sound fiscal management, will likely post a fiscal surplus this year of 0.7 percent of GDP, the central bank said. Its earlier forecast was for a fiscal surplus of 1 percent of GDP.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below