LIMA, March 11 (Reuters) - Peru’s finance ministry has cut its estimate for economic growth this year to 4.2 percent from the 4.8 percent it forecast in January, a local newspaper reported on Monday.
The daily newspaper El Comercio attributed the number to Fernando Figueroa, director of macroeconomic forecasts at the finance ministry. It gave no reason for the cut, but mining, a major industry in Peru, has been hit by weak metals prices.
Officials at the ministry were not immediately available to confirm the number.
Gross domestic product rose 2.35 percent last year, a sharp slowdown from annual rates that topped 6 percent during a decade-long mining boom. (Reporting By Mitra Taj; Editing by Peter Galloway)