Macroeconomic Forecast Peru

June 2008 | Macroeconomic Forecasts

Peru's current account slipped into a US$655mn deficit in the first quarter of the year, on the back of a rising import bill, which reached US$6.3bn during the same period (a 56% y-o-y rise). Meanwhile, exports rose by just 32% y-o-y, bringing Peru's overall trade balance during the first quarter to US$1.5bn, almost on par with the Q107 trade surplus.

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