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Sunday, October 13

Forbes / Reuters Peru manufacturing seen growing 3-3.5 pct in 2002: "The economy, which leans heavily on the mining and fishing sectors, grew 3.8 percent in August, fueled by increased construction, mining, and manufacturing activity. Manufacturing grew 4.1 percent while construction grew 7.8 percent in August. Rey said that the production of intermediary goods like textiles, paper, rubber and chemical products had also increased starting in July." When I was in Lima, you could see that the economy was improving, but it still has a heavy burden of 50% of its workforce being inadequately employed.

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