Peru's GDP will expand 4% in 2018, mainly underpinned by strong public investment execution, which might increase 14.2%, Central Reserve Bank (BCR) projected Friday.
"Definitely, Peru will be the country with the highest growth rate among the seven largest economies in the region," he affirmed.
According to BCR's March 2018 Inflation Report, the strong increase in
public investment will be accompanied by an acceleration in private investment (+5.5%).
Velarde also
forecast fishery and
construction sectors will rise 23.5% and 8.5% —respectively— in the current year.
Similarly, the
manufacturing sector is expected to recover (+4.8%), after sliding 0.3% in 2017. Plus, the trade sector is forecast to accelerate (+3.5%).
Lastly, the
mining and hydrocarbon sector may experience a 2% expansion, driven by greater dynamism in the metal-mining subsector (+2.4%).
(END) ECS/RGP/JJN/JAA/MVB