Peru's Economic Activity Expands for 7th Month 📈
Peru's GDP expanded by 3.38% year-on-year in October 2024, driven by growth in agriculture and construction, while manufacturing, mining, and fishing sectors saw slower or contracting growth.
The article indicates that Peru's economy is experiencing a period of expansion, with the GDP growing for the seventh consecutive month. The strong performance in the agriculture and construction sectors is a positive sign for the overall economy. While some sectors like manufacturing, mining, and fishing are seeing slower or contracting growth, the net positive GDP growth suggests a moderately positive impact on the investment portfolio, which has exposure to various Latin American and global markets.