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Tuesday, September 2

Peruvian government lowers growth targets for neext year

Peru cuts 2004 growth forecast over world economy: "He said the new projection, contained in a document published over the weekend detailing revised macroeconomic forecasts through 2006, was 'more realistic and consistent,' in line with forecasts being made by analysts who follow the Peruvian economy." Forbes / Reuters Peru's economy has been so anemic in the previous five years that it probably is not strong enough to support high growth rates. Plus there are serious issues about how investors will fall in line with government policy and economic trends.

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