September 21, 2018 / 3:56 PM / 24 days ago

Peru slashes trade surplus estimates for 2018, 2019 due to trade spat

LIMA, Sept 21 (Reuters) - Peru’s central bank slashed $4 billion off its 2019 trade surplus estimate, and $2 billion off this year’s surplus estimate, as the U.S.-China trade spat has lowered global prices for the country’s key mineral exports, the bank said on Friday.

Peru, the world’s No.2 copper producer and sixth-largest gold producer, is now expected to post a $6.94 billion trade surplus this year and a $5.79 billion surplus in 2019, the central bank said in a quarterly report.

The bank also trimmed its 2019 economic growth estimate to 4 percent from 4.2 percent, and maintained its forecast for 2018 growth of 4 percent.

The bank’s president had said in July he expected the 2018 growth estimate to be raised.

Reporting By Teresa Cespedes; Editing by Bernadette Baum

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