Peru ties up $300 million IDB loan as economy shrinks

Peru has landed a $300 million contingency loan with the Inter-American Development Bank (IDB), according to a notice in the country's official gazette on Wednesday, as efforts continue to ... Read More

Peru economy shrinks for two straight quarters, minister denies recession

Finance Minister Alex Contreras told reporters he expects economic growth to return in July after preliminary data showed that ... Peru economy shrinks for two ... Aug 1, 2023, 6:18 PM 1 ... Read More

Peru economy set to shrink 0.5% this year - The Star

Barring 2020 when pandemic shutdowns drove GDP down 11%, this would be Peru’s first economic contraction since a 0.4% decline in 1998. The bank cut its 2024 mining industry growth forecast to 2% ... Read More

After political violence, Peru reckons with economic fallout

“Our estimate for GDP growth in 2023 is 2.5 percent, with a significant downward bias,” Hugo Vega, an economist with BBVA Research Peru, told Al Jazeera by email. Read More

Peru’s Economy Contracts in May, Dashing Recovery Hopes

Peru’s economy contracted significantly in May after two months of slow growth, dashing hopes that a slow recovery was underway after the country’s worst political turmoil in decades. Read More

Peru economy shrinks for two straight quarters, minister ... - Nasdaq

Peru's finance minister said on Tuesday that preliminary data showed the country's economy shrank in June, marking two consecutive quarters of contraction, which is a common definition for a ... Read More