Peruvian economy will experience strong expansion during the fourth quarter of 2017, Central Reserve Bank (BCR) projected.
As a result, the financial institution affirmed the Andean nation is on track to reach 2.8% growth by the end of the current year.
"We expect a 2.8% [growth] this year, including a significant expansion in the fourth quarter," BCR Governor Julio Velarde was quoted as saying.
The official went on to add public investment and reconstruction spending will see sharp rebound in 2018, which will lead GDP to grow 4.2% next year.
He also believes further GDP expansion will lead to an increase in formal employment.
Remarks were made during the launch of a new coin commemorating St. Rose of Lima 400th death anniversary.
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