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MENAFN - 24/11/2012

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(MENAFN) Peru, which is expected to post the largest economic growth in South America this year, recorded a public sector surplus equal to 1 percent of gross domestic product (GDP) during the third quarter, Reuters reported.

The data from the central bank shows the government has a fiscal cushion to shield its economy from external economic shocks.

The data also showed also that the Andean nation ran a current account deficit of 5.6 percent of GDP in the third quarter of this year, versus a 0.1 percent surplus a year ago, and the 4.3 percent deficit in the second quarter of 2012.

Peru's trade surplus has shrunk this year as its traditional mineral exports have fallen on lower prices and softer demand.

 






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