Friday, 14 September 2012

Morgan Stanley Goes Bullish on Peru's July GDP

Peru's GDP likely rose 7.7% on-year in July, says Morgan Stanley, solidly above consensus of 6.7%. "The economy continues to gain speed as last year's negative fiscal impulse has turned positive this year. Meanwhile, the private sector remains rock-solid on both the demand and supply sides despite the mounting global uncertainty and softening in commodity prices." The data are due Monday.

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