(Bloomberg) — Peru’s economy slowed in November, growing less than expected, the previous month hit by widespread unrest sparked by the ouster of former President Pedro Castillo.
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The economy grew 1.68% in November, the national statistics office INEI said on Sunday, compared with estimates of 2.3% and 2.0% published in October.
Protests have disrupted swathes of Peru’s copper-rich southern Andes region since Dec. 7, when Castillo was ousted for trying to dissolve Congress. Peru is expected to grow 2.7% for all of 2022, according to economists surveyed by Bloomberg.
Dina Boluarte, who took over as president, received 71% disapproval in a poll by the Instituto de Estudios Peruanos. Boluarte has 28 percent support in the capital Lima, compared with just 9 percent in rural areas where deadly protests have taken place. The telephone survey surveyed more than 1,200 people and has a margin of error of 2.8 percentage points.
INEI also said that the unemployment rate in the capital Lima was 7.1% in the last quarter of 2022, compared with 7.6% in November.
(Add details on previous month’s growth in paragraphs 1-2 and poll data in paragraph 4)
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