{"id":11721,"date":"2023-04-15T15:52:31","date_gmt":"2023-04-15T15:52:31","guid":{"rendered":"http:\/\/lynettelockhart.com\/client\/perus-gdp-declines-0-63\/"},"modified":"2023-04-15T15:53:56","modified_gmt":"2023-04-15T15:53:56","slug":"perus-gdp-declines-0-63","status":"publish","type":"post","link":"http:\/\/lynettelockhart.com\/client\/perus-gdp-declines-0-63\/","title":{"rendered":"Peru&#8217;s GDP declines 0.63% in Feb, beats expectations"},"content":{"rendered":"<p>(Reuters) &#8211;     Peru&#8217;s gross domestic product (GDP) shrunk 0.63% in February compared with the same month last year, the government&#8217;s INEI statistics agency said on Saturday, beating expectations by analysts who forecast a bigger decline.<\/p>\n<p>It was a second successive month of decline after the economy began to contract in January following 22 months of growth, hurt by nationwide anti-government protests. Peru&#8217;s finance ministry, though, said growth should return soon.<\/p>\n<p>Economic activity in February was hit by &#8220;continuity of social conflicts, which resulted in work stoppages, road blockades, market closures, among other issues, which occurred in some areas of the country,&#8221; INEI said in a statement.\u00a0<\/p>\n<p>Analysts interviewed by Reuters forecast a 0.90% decline in the GDP.<\/p>\n<p>Economic activity in the world&#8217;s no. 2 copper producer was dented by a decline in several sectors, including construction, telecommunications, as well as finance and insurance.<\/p>\n<p>Peru&#8217;s finance ministry said in a statement on Saturday that it expects &#8220;the economy to register positive rates again as of March, in line with the behavior of the leading indicators of economic activity&#8221;, helped by a decline in social unrest.<\/p>\n<p \/>\n<p> (Reporting by Marco Aquino and Nelson Bocanegra; Writing by Drazen Jorgic; Editing by Andrea Ricci and Daniel Wallis)<\/p>\n<p><a href=\"http:\/\/lynettelockhart.com\/client\/perus-gdp-declines-0-63\/spread-of-the-coronavirus-disease-covid-19-in-lima\/\"><img decoding=\"async\" src=\"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3E06X-VIEWIMAGE.jpg\" alt=\"tagreuters.com2023binary_LYNXMPEJ3E06X-VIEWIMAGE\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) &#8211; Peru&#8217;s gross domestic product (GDP) shrunk 0.63% in February compared with the same month last year, the government&#8217;s INEI statistics agency said on Saturday, beating expectations by analysts who forecast a bigger decline. It was a second successive month of decline after the economy began to contract in January following 22 months of [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":11722,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[1216],"tags":[],"class_list":["post-11721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-u-s-economy"],"jetpack_featured_media_url":"http:\/\/lynettelockhart.com\/client\/wp-content\/uploads\/Reuters_Direct_Media\/USOnlineReportEconomy\/tagreuters.com2023binary_LYNXMPEJ3E06X-VIEWIMAGE.jpg","_links":{"self":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/11721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/comments?post=11721"}],"version-history":[{"count":1,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/11721\/revisions"}],"predecessor-version":[{"id":11723,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/posts\/11721\/revisions\/11723"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media\/11722"}],"wp:attachment":[{"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/media?parent=11721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/categories?post=11721"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/lynettelockhart.com\/client\/wp-json\/wp\/v2\/tags?post=11721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}