Peru’s Government on Tuesday lowered its economic growth forecasts for this year and the next, citing poor private investment in the country’s copper industry, the El Niño weather phenomenon and social unrest. The Ministry of Economy and Finance (MEF) said in Peru’s official gazette, El Peruano, that the economy is now set to grow by 1.1% in 2023. This is down more than half from a previous estimate of 2.5% after data showed the economy shrank in the first half of this year. This would mark the slowest annual growth rate for the country since 2009, excluding 2020, when the Covid-19 pandemic first began to disrupt gl ... (full story)