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Sunday, December 28

Finance minister sees solid growth in Peru's future

Forbes.com: Peru sees continued growth bringing down debt: "Despite increasing political turmoil in Toledo's government, Peru's GDP expanded 4.9 percent in 2002, led by the mining and fishing industries, after growing just 0.2 percent in 2001. The Andean nation's economy is expected to end this year with 4.1 percent growth, [Finance Minister Jaime] Quijandria said." Forbes/ Reuters Despite poor political management, the government has kept the economy plowing ahead. Four percent growth is probably all that Peru could handle, without the economy getting overheated. Steady growth, however, does not pull up the poor or address inequity.

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