{"id":10725,"date":"2025-01-16T02:35:23","date_gmt":"2025-01-16T02:35:23","guid":{"rendered":"https:\/\/cryptoopia.com\/economic-indicators\/10725.html"},"modified":"2025-01-16T02:35:23","modified_gmt":"2025-01-16T02:35:23","slug":"copper-giant-peru-sees-economy-expand-for-eighth-straight-month","status":"publish","type":"post","link":"https:\/\/cryptoopia.com\/economic-indicators\/10725.html","title":{"rendered":"Copper giant Peru sees economy expand for eighth straight month"},"content":{"rendered":"<p>(Reuters) &#8211; Peru&#8217;s gross domestic product expanded 3.93% in November compared with the same month of 2023, marking the eighth-consecutive month of economic expansion, the South American government&#8217;s INEI statistics agency said on Wednesday.<\/p>\n<p>November&#8217;s economic expansion in the world&#8217;s second-largest copper-exporting nation landed comfortably above the 3.1% forecast of analysts polled by Reuters, and topped October&#8217;s growth rate of 3.38%.<\/p>\n<p>Peru saw double-digit growth in its farming and fishing sectors, growing 12.4% and 17.6% respectively. Peru is a top producer of fishmeal, a fertilizer made using anchovies. The manufacturing sector also grew 6.7%.<\/p>\n<p>Peru&#8217;s key mining and hydrocarbon sector, however, dipped 2.2% while its construction sector shrunk 2.4%. <\/p>\n<p>INEI attributed the lower mining output to less production of metals such as <span class=\"aqPopupWrapper js-hover-me-wrapper\">copper<\/span>, zinc, gold, lead and molybdenum, even as Peru increased its hydrocarbon output.<\/p>\n<p>November&#8217;s GDP growth marks the biggest monthly expansion since July.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/i-invdn-com.investing.com\/trkd-images\/LYNXMPEL0E0R7_L.jpg\" title=\"\u00a9 Reuters. FILE PHOTO: A woman shops for groceries at a market in Lima, Peru July 17, 2018.  REUTERS\/Mariana Bazo\/File Photo\" alt=\"\u00a9 Reuters. FILE PHOTO: A woman shops for groceries at a market in Lima, Peru July 17, 2018.  REUTERS\/Mariana Bazo\/File Photo\"><\/p>\n<p>Peru&#8217;s central bank has predicted growth of 3.2% through 2024, after the country fell into a recession the previous year due to challenging climate, lower private investment and lingering impacts from anti-government protests.<\/p>\n<p>For 2025, the central bank forecasts GDP growth of 3.0%. <\/p>\n<p \/>\n<p>\n","protected":false},"excerpt":{"rendered":"<p>[db:\u6458\u8981]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[28],"class_list":["post-10725","post","type-post","status-publish","format-standard","hentry","category-economic-indicators","tag-db"],"_links":{"self":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/posts\/10725","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/comments?post=10725"}],"version-history":[{"count":0,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/posts\/10725\/revisions"}],"wp:attachment":[{"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/media?parent=10725"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/categories?post=10725"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoopia.com\/wp-json\/wp\/v2\/tags?post=10725"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}