'No doubt' Peru in recession, econ minister says, seeking stimulus
There is no doubt Peru is in a recession, Economy Minister Alex Contreras said on Friday, his first acknowledgment of the country's negative growth, before speaking before congress to request a... -October 20, 2023 at 03:40 pm EDT - MarketScreener Peruvian Economy Minister Alex Contreras has stated that there is "no doubt" Peru is in a recession, stating that the country's negative growth has led to a recession. This is his first acknowledgment of Peru's economic slowdown, and he has requested a fiscal stimulus from Congress. Previously, he had downplayed months of economic contraction, but now acknowledged the situation as a "difficult situation" and declared it now considered a "rec recession.
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'No doubt' Peru in recession, econ minister says, seeking stimulus
LIMA (Reuters) - There is "no doubt" Peru is in a recession, Economy Minister Alex Contreras said on Friday, his first acknowledgment of the country's negative growth, before speaking before congress to request a fiscal stimulus.
Contreras had previously downplayed months of economic contraction, but told journalists outside congress on Friday that the "difficult" situation was now definitively considered a recession.
주제: Markets, Stimulus, Peru