Peru Economy Minister Sees Room to Upgrade 2021 Growth Forecasts

Waldo Mendoza said in an interview that increasingly optimistic economic indicators, falling cases of coronavirus and the promise of a vaccine were nonetheless aligning to boost forecasts for growth in 2021.

RIO DE JANEIRO, BRAZIL - Peru expects to raise its economic growth projection for 2021 from the current forecast of 10% as coronavirus cases fall from this year’s devastating peaks, reinvigorating the world’s No. 2 copper miner, Economy Minister Waldo Mendoza told Reuters.

Peru was a Latin American success story for almost three decades before the pandemic hit the mining-driven economy hard, pushing it towards its biggest annual contraction in a century.

A recent political crisis, which saw three presidents take office in less than a month, has also piled on uncertainty ahead of elections in April next . . .

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