Peruvian economy grew 47.8% year on year in May: government

Peru's economy grew 47.8% year on year in May, the government said on Thursday, as the world's second-largest copper producer saw the third monthly advance after a series of contractions during a fresh wave of the coronavirus.

In May last year, when Peru was deep in the first wave of the virus and had shut down much of its productive industry as well as locking down citizens, the economy contracted by 32.59%.

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