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Peru |
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Economic
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Real
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Overview Table of Indicators
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Monthly Economic Briefing |
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Summary |
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The outlook
is deteriorating as the developed world’s recession will erode
export growth, a key driver of the current business cycle. Furthermore, some
companies have begun to delay mining projects, as falling commodity prices
promise diminished returns. That said, the country is likely to maintain its
position as the fastest-growing economy in the region. Separately, during
the Asia-Pacific Economic Cooperation (APEC) meeting in Lima, Peru and Japan
signed an investment protection agreement that could pave the way for
free-trade negotiations. In addition, Peru and China successfully concluded
talks for a free-trade agreement that could be signed in March 2009.
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