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Thursday, February 28

Financial Times Political worries take their toll in Peru: "Overall the market remains modestly upbeat about the prospects for Peru's $54bn economy in the coming year. The latest round of data showed that the mining and fishing-dominated economy grew by a better-than-expected 3 per cent in the last quarter of 2001. The recent spurt in activity has heartened market watchers. But the resurgence has been restricted mainly to the mining and construction sectors, offsetting declines in fishing." This is an unusual story because it says that nothing is really happening in the Lima stock exchange and no major leaps in volume or prices are expected this year.



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