Peruvian economy will expand 3.7% this year and is expected to increase by 4% in 2019, according to the April 2018 World Economic Outlook released by the International Monetary Fund (IMF) on Tuesday.
In this sense, the multilateral organization revised downwards its 2018 growth forecast for the Inca country from
4% (January) to 3.7% (April).
Global economy
The
IMF also projected the world's economy will rise 3.9% in 2018 and 2019, higher than last year's global growth (3.8%).
"The global economic upswing that began around mid-2016 has become broader and stronger," the
report reads.
Likewise, the IMF estimated Latin America's economic recovery will continue strengthening, with growth for the region projected to increase from 1.3% (2017) to 2.0% (2018), and 2.8% (2019).