Peru

Economy Minister reveals growth expectations

14-Jul-2012

On 1 July, Economy Minister Miguel Castilla announced that the national economy would grow at a rate of six percent in 2012 and 2013, as a result of government-imposed regulations to soften the effect of the global financial crisis and facilitate foreign commerce. Castilla also expressed reservations about the financial crisis in Europe, noting that Spain is one of the largest investors in Peru, and he urged European lawmakers to take immediate action to increase liquidity in struggling economies of member states.

 

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