(Corrects official estimate of fourth-quarter growth to 5.6
percent from 6.6 percent in third and fourth paragraphs)
LIMA Aug 20 Peru's central bank is trimming its
forecast for economic growth this year to 4 percent from its
previous estimate of 4.4 percent, a top official at the bank
said on Wednesday, according to a newspaper report.
The full-year growth estimate, which the local daily El
Comercio attributed to the bank's general manager Renzo Rossini,
was deemed accurate by another bank official.
The central bank expects the economy to grow 3.4 percent in
the third quarter and 5.6 percent in the fourth quarter compared
with their year-earlier periods, the official said, confirming
part of El Comercio's report.
El Comercio reported that Rossini estimated a 6.6 percent
expansion in the fourth quarter, but the central bank official
said that was wrong.
The economy expanded just 0.3 percent in June compared with
a year earlier, the weakest pace in five years as mining and
manufacturing activity fell. Growth in the first half of 2014
slowed to 3.3 percent from the same period in 2013.
In July the central bank forecast 2014 economic growth at
4.4 percent, a reduction from an earlier estimate of 5.5
The bank will publish a report with updated forecasts of key
economic indicators in October.
(Reporting By Teresa Cespedes Editing by W Simon)