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Peru economy expands 4.47pc in July year-on-year

A general View shows San Isidro financial district through a window, in Lima, Peru, November 21, 2017.
A general View shows San Isidro financial district through a window, in Lima, Peru, November 21, 2017. Photo : REUTERS/Mariana Bazo/Files

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Peru's economy expanded 4.47 per cent in July compared with the same month last year, the government's INEI statistics agency reported on Sunday.

The figure is above an estimate last week from the chief economist of Peru's central bank, who expected the country's economy likely grew by around 4,0 per cent, continuing a recovery following last year's recession.

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