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Sharp declines in iron ore prices, coupled with the Ebola crisis shocked the economy last year, with GDP contracting by 21%. But since being declared Ebola free, and a restart of iron ore production, growth should rebound to 4.3% in 2016.
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Hit by the strike at the Escondida copper mine (that lasted 43 days), the Chilean economy contracted in February. And activity will have remained depressed in March as well. Moreover, even with the fading ...
Rapid growth in the mining sector was a key factor behind Peru achieving respectable GDP growth last year. However, in 2017, the expansion is set to become more broad-based as the new government implements ...