June 5, 2013
Peru's central bank governor sought Wednesday to allay fears of a slowdown with fresh data showing an economic rebound in April.
Speaking at LatinFinance's Andean Forum, Julio Velarde said the economy grew by 7.4% in April – the fastest monthly expansion this year.
He said the economy was on track to expand by 6.5% in 2013, adding that the numbers were evidence of solid demand for the country's exports.
The news will come as a relief to investors and policymakers anxious at a paltry 4.8% expansion in the first quarter.
Velarde said apparently weak first quarter numbers compared to a year earlier were due in part to fewer work days in the first three months of the year – a fact that m
Brandishing fresh April growth numbers, Peru's central bank governor sought Wednesday to allay fears of an economic slowdown.