The Central Reserve Bank has affirmed that all consulted analysts have projected the recovery of Peruvian economy in the second half of 2019
and for 2020
According to BCR's Economic Studies Central Manager Adrian Armas, the surveys indicated that economists, financial system analysts, and non-financial businesses estimate the Inca country's economy will increase between 2.5% and 3% in 2019
, as well as between 3.3% and 3.5% in 2020
Private and public investment
On the other hand, the BCR representative underlined that private investment
posted a 4.1% expansion in the first half of this year, while public investment
recorded a 0.7% decrease in the same period.
In this sense, Armas stated the Quellaveco mining project
stands out among private investments. Non-mining private investment also increased.
Furthermore, he explained the public investment's outcome was due to the change of regional and local authorities earlier this year.
Remarks were made during the Investor Conference, organized by Credicorp Capital in Lima.