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Peru economy minister announces stimulus measures amid recession
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LIMA (Reuters) — Peru's government on Thursday announced a set of more than two dozen new measures aimed at boosting investments in the Andean nation, which is undergoing a recession.
In a press conference, Economy Minister Alex Contreras said the package included measures aimed at attracting investments to Peru's critical mining sector and boosting mining production.
Peru, the world's no. 2 producer of copper, fell into a recession this year due to the El Nino weather phenomenon, lower private investment and lingering effects from earlier social conflicts.
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