During 2Q19, Peru's Gross Domestic Product grew at a year-over-year rate of 1.16%, decelerating by 1.20 p.p. compared to the previous quarter. This performance was mainly due to the behavior of trade balance, as there was a reduction in the year-over-year growth of exports of 5.42 p.p. with respect to the previous quarter, standing at a year-on-year growth rate of -2.87%, accompanied by an increase in the year-on-year growth rate of imports of 0.53 p.p., up to a rate of 0.18%. In the labor market, the unemployment rate decreased by 1.85 p.p. with respect to 1T19, reaching 6.30%. The year-over-year growth rate of employment creation in Peru accelerated by 0.16 p.p. from the previous quarter to 0.75%. The Peruvian Sol remained at the same value with respect to the dollar when compared to the previous quarter, at an exchange rate of 3.32 S/./$. The inflation rate increased in 2Q19 to 2.54%.
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