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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (35831)	6/16/2008 7:52:49 PM
From: elmatador	Read Replies (1) \| Respond to of 217528

Deflate local assets. Inflate imported goods. If UK citizen pig bank is his house: he'll get thin and thinner. But his imports of food and energy is inflating.

To: TobagoJack who wrote (35831)	6/16/2008 8:15:30 PM
From: elmatador	Read Replies (1) \| Respond to of 217528

Peru skyrockets: GDP grew 13.25 percent in April. Soaring global prices for metals, natural gas and fishmeal coupled with surging investment and domestic demand have helped fuel Peru's longest economic expansion. Peru GDP Expanded at Fastest Pace Since 1997 in April (Update1) By Alex Emery June 16 (Bloomberg) -- Peru's economy expanded at the fastest pace in 11 years in April, led by construction, fishing and manufacturing. Gross domestic product grew 13.25 percent in April, up from 5.5 percent in March, the government said in Lima. The median forecast of 13 economists in a Bloomberg survey predicted growth of 10.1 percent. The monthly surge in GDP was the biggest since April 1997, when the economy grew 14.40 percent. Soaring global prices for metals, natural gas and fishmeal coupled with surging investment and domestic demand have helped fuel Peru's longest economic expansion. Two extra working days in April compared with last year also drove growth, said Jorge Gonzalez, a former labor minister who now heads the economics department at Pacifico University in Lima. ``Economic growth is robust and mainly led by internal consumer demand,'' Gonzalez said in a phone interview. ``State investment in infrastructure is growing much faster than GDP.'' The country's central bank on June 13 raised its estimate for 2008 economic growth to 8 percent on surging for exports such as metals, natural gas and fishmeal. Construction jumped 34 percent in April as the government increased spending on housing and roads, the agency said. The two-day Easter Holiday fell in March this year and in April 2007. Fishing jumped 28.8 percent, manufacturing rose 16.5 percent and electricity rose 11 percent, the agency said. Copper and zinc rose 13 percent and natural gas jumped 29.4 percent. Peru's sol weakened for the first day in three, dropping 0.2 percent to 2.8905 per dollar at 3:08 p.m. The currency has gained 4 percent this year. To contact the reporter on this story: Alex Emery in Lima at aemery1@bloomberg.net. Last Updated: June 16, 2008 15:16 EDT