June 15, 2020 / 3:40 PM / a month ago

Peru posts worst-ever monthly drop in GDP

LIMA, June 15 (Reuters) - Peru’s economic activity sank 40.49% year-on-year in April, its worst-ever monthly drop in gross domestic product, as a national lockdown slammed the brakes on output across the South American nation, the government said Monday.

The figure is higher than the 33% contraction analysts had estimated in a Reuters poll.

The state-run National Institute of Statistics and Informatics (INEI) said in a statement Peru´s economy shrank by 13.10% in the first four months of the year. (Reporting by Marco Aquino Editing by Chizu Nomiyama)

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