LIMA (Reuters) – Peru’s economic system grew 3.79% in March in contrast with a yr earlier, the nation’s statistics company stated on Sunday, with most sectors of the economic system displaying enchancment, whereas the important thing mining business shrank on account of social conflicts hitting manufacturing.
Peru is the world’s No. 2 copper producer, however protests from indigenous communities within the Andes demanding increased advantages from the mining business have affected manufacturing.
In March, Southern Copper Corp’s Cuajone copper mine was halted all through the month.
The financial development is decrease than the 4% the central financial institution had forecast in a press convention on Friday.
Peru’s finance ministry expects the economic system to develop 3.6% in 2022.
Reporting by Marco Aquino and Marcelo Rochabrun in Lima; Modifying by Matthew Lewis
