Sunday, August 25, 2013

As a Boom Slows, Peru Grows Uneasy

NY Times: Peru’s economy grew an average of 6.4 percent a year from 2002-12... But suddenly growth has slowed here... At Dock 5B, ships are loaded with Peru’s mining riches, including copper ore, lead and zinc — the raw materials that fueled the Peruvian boom with their rising prices in recent years. But in the first six months of this year, mineral shipments through the port were down 12 percent by weight... sucking the wind from the sails of Peru’s economy. This bust amid the boom has given vent to a national angst...

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