Peruvian economy is likely to have entered a turning point, as GDP may have expanded 3% in the first quarter of 2018, Central Reserve Bank (BCR) projected.
"Peruvian economy has recovered in the first quarter (…). What is seen, above all in
non-primary sectors, is indeed a turning point," BCR Economic Studies Manager Jorge Estrella expressed.
In this sense, he recalled the
construction sector had been recording negative figures. However, it currently registers positive rates, as in the case of
trade and services sectors.
Inflation
Likewise, the BCR official projected domestic
inflation would stand at 2% at the end of 2018 and 2019.