‘No doubt’ Peru in recession, econ minister says, seeking stimulus

LIMA (Reuters) – There is “no doubt” Peru is in a recession, Economy Minister Alex Contreras said on Friday, his first acknowledgment of the country’s negative growth, before speaking before congress to request a fiscal stimulus.

Contreras had previously downplayed months of economic contraction, but told journalists outside congress on Friday that the “difficult” situation was now definitively considered a recession.