# GlobalSource Partners | Navigating amid icebergs

> GlobalSource Partners forecasts modest Peruvian growth in Q1 2019 and weak Q2 if the blockade of the Las Bambas copper mine persists, which could cut about 1% of monthly GDP. It keeps its 2019 growth forecast at 3.8% and expects the central bank to hold its 2.75% policy rate with at most a 25 bp rise by year-end.

- Date: 2019-04-11 · published 2019-04-11T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/59855-globalsource-partners-navigating-amid-icebergs
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Copper supply disruption and currency intervention affect Peruvian export and import flows, though the article has little direct bearing on feed ingredient prices. Expected flat terms of trade suggest limited pressure on feed import costs.

## Sources

- globalsourcepartners.com: https://www.globalsourcepartners.com/posts/navigating-amid-icebergs/teaser

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.