August 23, 2019 / 12:29 PM / a month ago

Peru cuts 2019 growth view to 3%, cites U.S.-China trade war

LIMA, Aug 23 (Reuters) - Peru’s finance ministry slashed its view for economic growth this year to 3% from its previous estimate of 4.2%, citing U.S.-China trade tensions and weak mining and fishing activity, the ministry said on Friday.

Peru’s economy should expand by 4% next year led by domestic demand, the ministry added. It previously forecast a 4.5% growth rate for 2020.

Reporting By Mitra Taj Editing by Chizu Nomiyama

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