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:
Itaú Unibanco -6.0
BBVA Banco Continental -6.7
Phase Consultores -6.9
Scotiabank Peru -7.3
(Report by Maria Cervantes, Edited by Juana Casas)