Bloomberg News

Peru Recession a ‘Remote Possibility,’ Minister Castilla Says

October 20, 2011

Oct. 20 (Bloomberg) -- Peru’s economy is unlikely to enter a recession as China, its main trading partner, buys more of the Andean country’s metals and fishmeal, Finance Minister Miguel Castilla said.

Peru’s economy may expand as much as 6.5 percent this year as investor confidence improves and the government invests a 1.6 billion soles ($588 million) stimulus package in construction of infrastructure, Castilla told Lima-based Radioprogramas today. The plan may add 1 percentage point to annual gross domestic product, he said.

To contact the reporter on this story: Alexander Emery in Lima at aemery1@bloomberg.net

To contact the editor responsible for this story: Alexander Emery at aemery1@bloomberg.net


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