US EditionBcr Estimates that Mining Protests Will Subtract 0.2 Points From July's Gdp and Correct Projection to 3%
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The Central Reserve Bank (BCR) corrected its economic growth estimate for July downwards, due to the impact of the stagnations caused by informal miners. The initial projection for the July growth was 3.2%, but it has been adjusted to 3%, according to Adrián Armas, central manager of Economic Studies of the BCR. “If there had not been the issue of interruptions, the GDP would be higher by 0.2%,” he said. The sectors most affected by the blockade…
Reinfo: more than 31,500 seek formalization, but there is a high risk that they will not succeed, why?The protests of informal miners excluded from the Comprehensive Register of Mining Formalization (Reinfo) do not stop. This would already negatively impact Peru's economic activity. Adrián Armas, manager of Economic Studies of the Central Reserve Bank of Peru (BCRP) said so. While he acknowledged that it is still premature to give a “closed” fig…
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