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Peru economy grows 3.79% in March compared to year earlier

15.05.2022

LIMA Reuters -- Peru's economy grew by 3.79% in March compared to a year earlier, the country's statistics agency said on Sunday, with most sectors of the economy showing improvement, while the key mining industry shrank due to social conflicts hitting production.

Production has been affected by protests from indigenous communities in the Andes demanding higher benefits from the mining industry.

In March, Southern Copper Corp's Cuajone copper mine was stopped for the rest of the month.

Economic growth is lower than the 4% forecast by the central bank in a press conference on Friday.