Peru's Central Reserve Bank (BCR) on Friday maintained its economic growth forecast for 2018 at 4.2%.
The institution explained such GDP expansion would be underpinned by an increase in
construction (8.9%) and
manufacturing (5%) activities.
According to BCR Governor Julio Velarde, this 4.2% estimate also remains unchanged for 2019.
"We are observing a recovery in the construction sector," the BCR head pointed out.
Likewise, Velarde projected a 4.4% rise in Peru's domestic demand in 2018, which would be driven by greater
public-private investment.
Domestic demand is also expected to further recover in 2019 due to the dynamism in
private spending.
(END) MDV/MVB