'No doubt' Peru in recession, econ minister says, seeking stimulus
LIMA (Reuters) - There is Peruvian Economy Minister Alex Contreras has stated that there is "no doubt" Peru is in a recession, stating that the country's economic situation is now considered a recession. This is Contreas' first acknowledgment of Peru's negative growth, and he has requested a fiscal stimulus. Previously, he had downplayed months of economic contraction but now acknowledges that the "difficult situation" is now officially considered recession.
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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.
Tematy: Stimulus, Peru