Peru's private investment managed to recover this year with a slight growth of 0.5%, after three years of negative results, Lima Chamber of Commerce (CCL) reported on Wednesday.
According to CCL's Institute of Economics and Business Development (IEDEP),
private investment experienced a 2.3% drop in 2014. Additionally, it decreased 4.3% (2015) and 5.9% (2016).
"This recovery phase is explained by greater investment in the
mining sector, which totaled US$3.256 billion between January and September of the current year, thus registering a 6% growth […]," CCL-IEDEP Executive-Director Cesar Peñaranda said.
Recovery
However, the outlook improved —starting the third quarter of the year— registering a 5% rise and initiating an expansion stage that may continue in 2018.