Peru economic system expands 4.47% in July year-on-year

LIMA (Reuters) – Peru’s economy expanded 4.47% 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%, continuing a recovery following last year’s recession.

(Reporting by Marco Aquino, Writing by Daina Beth Solomon)