Peru's Executive Branch projects higher growth rates in 2018 based on indicators pointing to a rebound in productive activity, Economy and Finance Minister Fernando Zavala affirmed.
"We are enthusiastic; we know there is a series of actions we must implement to reverse the economic slowdown, and we expect to grow at greater rates than the ones we have nowadays," the government official told El Peruano official gazette.
Trade
Peru's Central Reserve Bank (BCR) recently reported a US$246-million
trade surplus in May 2017, which marked eleven straight months of positive performance.
Peruvian exports stood at US$3.444 billion in the fifth month of this year, a 20.5% year-over-year rise driven by an upturn in traditional exports (+23.7%), mainly of copper and zinc.
"We see a certain rebound in commodity prices. Furthermore, exports are doing well," the also Prime Minister underlined.
Expectations
Minister Zavala also addressed BCR's latest
Macroeconomic Expectations Survey, which revealed an increase in indicators like demand, personnel
recruitment and finances.
"That is precisely what we see, so we will keep doing everything in our power to expedite economic growth," he assured.
The Finance Head thus stressed the need to further promote Public-Private Partnership (PPP) investments —like the recent awarding of the
Amazon Waterway— "to grow rapidly at 4% and 5% levels, as Peru deserves."
In this respect, Zavala noted the government expects to award 12 projects in 2017, including
Michiquillay mining project (Cajamarca region) and Salaverry Port (La Libertad region).
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