By Omar Mariluz
LIMA, June 20 Peru's central bank trimmed its
2013 economic growth outlook to 6.1 percent from 6.3 percent on
Thursday as a tough global economy crimps demand and prices for
the country's minerals exports.
It also slashed its forecast for the 2013 trade surplus to
$675 million from $2.77 billion in what has been one of Latin
America's fastest-growing economies.
But it kept its growth forecast for 2014 unchanged at 6.3
percent and said inflation should be mild at 2 percent this
year, within its annual 1-3 percent target range.
"Slower global growth will be reflected in lower gains for
exports in 2013," Central Bank President Julio Velarde told
reporters. "With respect to private consumption, less growth is
forecast considering the stabilization of consumer
Domestic demand, which has led growth in recent years, still
is relatively strong. It is expected to grow 7 percent this year
- contributing to a wider view for the current account deficit,
now expected at 4.4 percent of gross domestic product this year
as imports remain robust.
In March, the central bank had forecast a current account
gap for this year of 4 percent of GDP.
The government, which has won plaudits from rating agencies
for its sound fiscal management, will likely post a fiscal
surplus this year of 0.7 percent of GDP, the central bank said.
Its earlier forecast was for a fiscal surplus of 1 percent of