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Peru’s Central Bank revising its growth forecast downward for 2021 to 10.7%

RIO DE JANEIRO, BRAZIL - The Peruvian Central Reserve Bank (BCR) on Friday, March 19th, projected that Peruvian economy would expand 10.7% this year, revising down its previous forecast (11.5%). Nonetheless, it will be the one of the greatest expansion in South America during 2021, the BCR highlighted.

"For next year, we are forecasting a growth of 4.5%," said BCR Governor Julio Velarde.

During the presentation of the Inflation Report for March 2021, the official said that primary GDP will increase 7.4% this year, whereas non-primary GDP will expand 11.7%.

"We have adjusted primary GDP . . .

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