Developing new engines of growth is key for Peru to expand its growth potential, International Monetary Fund (IMF) Mission Chief Ravi Balakrishnan said Monday.
In an interview with El Peruano official gazette, he explained his points of view regarding the Peruvian economy.
Asked about the segments that could boost this recovery, he said non-primary sectors (
construction and manufacturing) saw a successful performance thru April, and that
public investment will play an important role in the future.
However, the IMF mission chief said not to forget the role of
private investment, which has been highly dynamic since the end of last year.
Domestic demand
"I believe consumption will have a good pace, with more investment and greater incomes. There is a strong connection between commodity prices and economic activity, which generates a vicious circle in this regard,"
Balakrishnan pointed out.
According to the IMF, Peru experiences a good performance and expects a pick-up in growth this year.
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Published: 6/4/2018