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SURVEY-Peru Economy would have fallen 6.8% in February due to restrictions in the second wave of coronavirus

LIMA, Apr 14 (Reuters) – The economy of Peru, the world’s second largest copper producer, reportedly fell 6.8% year-on-year in February due to government restrictions due to the second wave of the coronavirus, according to a Reuters poll published on Monday. Wednesday.

The projections of six local and foreign economists consulted fluctuated between a contraction of 2.9% and -8% year-on-year. The calculation is based on the median of the estimates, while the average was -6.3%.

The estimate compares with a 0.98% drop in January and a 3.79% advance in February last year.

The decline in February is the second consecutive monthly in red, after the local economy fell 0.98% year-on-year in January. Peru advanced 0.51% year-on-year in December, its first monthly growth since the start of COVID-19 infections in the country a year ago and that affected productive activity due to a strict quarantine.

The INEI will release the February growth data on April 15. Below are the projections:

Barclays -2,9

Itaú Unibanco -6.0

BBVA Banco Continental -6.7

Phase Consultores -6.9

Scotiabank Peru -7.3

Intelligence -8.0

MEDIUM -6.8

AVERAGE -6.3

(Report by Maria Cervantes, Edited by Juana Casas)

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