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Andean Group - June 2014 (ISSN 1741-4466)

ECONOMY: Fighting for growth

On 23 June President Humala changed three ministers in support of new measures to boost economic growth. The reshuffle comes as the government is seeking congressional support for a fresh economic stimulus package to boost public and private investment. The local economy grew by just 2% year-on-year in April, it’s slowest pace since 2009, after a fall of 9.6% and 8.9% in the key mining and construction sectors.

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