Peru second quarter fiscal surplus shrinks to 0.7 pct-cenbank

sábado 22 de agosto de 2015 12:59 GYT
 

LIMA Aug 22 (Reuters) - Peru had a fiscal surplus equal to 0.7 percent of gross domestic product in the second quarter, down from 3.0 percent in the same period last year, the central bank reported on Saturday.

The South American mining country had a fiscal deficit of 0.3 percent in full-year 2014, its first deficit in four years, as demand slowed from commodity importers such as China.

Peru's current account deficit narrowed to 3.4 percent of gross domestic product in the second quarter, compared to 5.7 percent of GDP in the same period in 2014, the central bank said on Friday.

Peru's economy grew 2.35 percent last year, its slowest rate in five years. The government expects 2015 growth of 3.8 percent. Some analysts call that forecast optimistic, considering that private investment has slowed.

(Reporting by Marco Aquino; Editing by Dominic Evans)