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Peru economy grows 3.79% in March, weighed down by mining protests -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – Members of Fuerabamba’s indigenous community sit next to half-built houses at the entrance of Las Bambas copper mining, Apurimac (Peru), May 6, 2022. REUTERS/Angela Ponce/File Photo

LIMA (Reuters – Peru’s economy grew 3.79% last month compared to a year ago, according to the country’s statistical agency. Most sectors showed improvement while key mining industries suffered from social conflict.

Peru is world number one. The No. 2 country in terms of production is Peru, although protests from communities living in the Andes requesting greater benefits from their mining industries have restricted production.

March saw Southern Copper (NYSE 🙂 Corp’s Cuajone Copper mine shut down for the entire month.

In contrast to the predicted 4% economic growth, which the central banks had projected in Friday’s press conference, the economy is not growing as fast.

Peru’s Finance Ministry expects an economy growth of 3.6% by 2022.

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