LIMA, July 18 Peru's central bank slashed its
2014 economic growth estimate to 4.4 percent from its April view
of 5.5 percent, and cut its view of next year's expansion to 6
percent from 6.7 percent, the bank said on Friday.
The bank also nearly tripled its estimate for the size of
this year's trade deficit, forecasting a $2.6 billion gap
instead of $945 million.
Growth expectations for the Andean country's usually
fast-paced economy have moderated as its key mineral exports
have tumbled on lower prices, softer demand, and weaker output.
Peru will likely post a trade deficit in 2015 for the third
year in a row, the central bank said, changing its previous view
of a $263 million surplus to a forecast for a $2.2 billion
The central bank also expects a larger current account
deficit this year than before - 4.8 percent instead of 4.3
percent as estimated in its last quarterly report.
The bank also trimmed its view of this year's fiscal surplus
to 0.2 percent of gross domestic product from 0.3 percent.
(Reporting By Patricia Velez; Editing by Meredith Mazzilli)