LatinNews Daily - 09 November 2022

In brief: Peru lowers growth forecast

* Peru’s economy and finance minister, Kurt Burneo, has announced that the government has lowered its GDP growth forecast for 2022 to between 2.7% and 3%, down from its August forecast of 3.3% growth. However, Burneo insisted that Peru is not facing a recession. “I wouldn’t say that we’re in an economic crisis,” he said. “The economy is still growing – slowly, but it’s still growing”. He attributed the lowered forecast to global economic headwinds – particularly mounting inflation, which in October reached an annual rate of 8.64% in Peru.

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