Growth to slow in Peru and China in 2009

LIMA — The Pacific Economic Cooperation Council says China's and Peru's robust growth rates of 9.3 and 9.2 percent respectively will fall in 2009, but Peru's drop-off will be more pronounced.

The council says China's $586 billion stimulus package should be enough to hold global powerhouse's growth rate at 9 percent in 2009, but Peru's rate will drop to 6.5 percent next year without the benefit of such a package.

Peru's economy minister has said that his government would consider boosting public spending to keep growth from falling below 6.9 percent in 2009.

The council said Wednesday at the Asian-Pacific Economic Cooperation forum that in the same period, Chile's growth rates will drop from 5.1 to 3.5 percent and Colombia's rates will drop from 5 to 2.5 percent.

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