LIMA, Aug 29 (Reuters) - Peru lowered its economic growth forecasts for 2023 and 2024 on Tuesday amid poor weather, lower private investment in mining, and anti-government protests earlier this year.
The South American country's economy is expected to grow 1.1% this year, the economy ministry said in Peru's official gazette.
Next year, Peru's economy is expected to grow 3.0%, the ministry added, down from a previous estimate of 3.4%.
That makes El Nino the largest immediate threat to Peru's economy, the government said.
Meanwhile, Peru's estimated current account deficit was lowered to 1.6% of GDP, down from the 2.1% of GDP previously expected.
Persons:
LIMA, El, Peru's, Alex Contreras, Marco Aquino, Kylie Madry, Isabel Woodford, David Holmes, Alistair Bell, Bill Berkrot
Organizations:
Peruvian Fiscal, El, El Nino, Finance, year's, U.S, Thomson
Locations:
Peru