UPDATE 1-Peru's central bank cuts growth view for 2014, 2015

viernes 17 de octubre de 2014 15:05 GYT
 

* Expect 3.1 pct expansion in 2014, 5.5 pct in 2015 - central bank

* Peru mining activity in 2015 weaker than previous estimate

* Trade gap view 2014 widens to $3 bln, inflation view to 3 pct (Rewrites throughout to add central bank president comment on mining and other details)

By Teresa Cespedes

LIMA, Oct 17 (Reuters) - Peru's central bank slashed its official view of this year's economic expansion to 3.1 percent from its July estimate of 4.4 percent, and said it now expects a weaker economic rebound in 2015.

Next year the economy will likely grow by 5.5 percent, the central bank said in a quarterly report, revising down its previous forecast for a 6 percent expansion.

Peru's economy has slowed sharply this year on tumbling mineral exports and slipping investments, leading the government and central bank to halve their initial forecasts for a 6 percent expansion in 2014.

Weaker than expected mining activity next year will mean a less robust rebound from the worst economic slowdown in five years, said Central Bank President Julio Velarde.

"The reduced estimate for 2015 is basically because of mining," Velarde said at a presentation of the bank's report.   Continuación...