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Peru's GDP grows 20.4 pct in first half of 2021

Christian Fernsby |
Peru's GDP grew by 20.4 percent in the first half of 2021, the Ministry of Economy and Finance said Monday.

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The expansion reflects the rise in economic activity in the Andean nation, which in June rose 23.5 percent year-on-year, said the ministry in a statement.

GDP recovery "supports" the Central Reserve Bank of Peru's 10 percent growth forecast for 2021, which would be "the highest rate since 1994," it said.

"The favorable result of economic activity in June was influenced by the relaxation of restrictions and progressive progress in the vaccination process, which have allowed a greater operation of economic activities," the ministry said.

Authorities have seen generalized growth in economic sectors, including a 90.7 percent increase in construction and a 39.3 percent rise in manufacturing, while electricity production was up by 8 percent.

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