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Peru’s dramatic drop in GDP growth: just 0.3% for June 2014

The June GDP figure for Peru is out and it’s by far the worst since the 2008/2009 financial crisis, reading  just 0.3%. Here’s the chart, with stats from Peru’s official beancounter officer INEI:
Incredibly, Finance Minister Luis Miguel Castilla still has a job. That’s basically because he’s Nadine’s favourite. And de-facto Prez Nadine is married to the Head of State. And that’s how banana republics work.

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