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LatinNews Daily - 20 June 2019

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In brief: Peru

* Peru’s Economy Minister Carlos Oliva has announced that the government has adjusted its projections for national GDP growth this year from 4.2% to 3.7%. The downward revision comes after the government initially predicted a growth rate to 4.2% based on recovery in mining investment and infrastructure construction, however, Minister Oliva explained that growth has slowed due to a lack of copper production in the Las Bambas mine in the Apurímac region and lowered fishing rates across the country. In response, the minister announced that the ministry is evaluating a measure which would deliver 60 projects for US$27bn to reactivate the domestic economy, including the construction of energy infrastructure, roads, airports, and facilities for agricultural use.