Peru economy to grow 6.2-6.3 pct in Q4 - central bank

Reuters

LIMA, Oct 24 (Reuters) - Peru's economy will likely growbetween 6.2 percent and 6.3 percent in the fourth quarter of2013 compared to the same period last year, Central BankPresident Julio Velarde said on Thursday.

That rate is slower than the 6.7 percent clip that the statestatistics agency has said Peru would have to post fromSeptember to December to reach the government's expectation of a5.7 percent economic expansion this year.

The economy grew 4.3 percent in August and 4.9 percent inthe first eight months of this year, but Velarde said economicgrowth will probably pick up in the last four months of 2013.

"We have basically bottomed out," Velarde told reporters ata conference, referring to the economic slowdown. "Indicatorsare reassuring and global growth has started to improve."

Peru is a top global exporter of copper, gold and silver,but weaker mineral prices and softer demand from China havedampened economic growth this year.

The central bank expects the economy to grow 5.5 percent in2013. Last year the economy expanded 6.3 percent, one of thefastest rates in the region.

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