Private investment may have grown about 8% in the second quarter of 2018, thus cementing its position as one of Peruvian economy's growth engines, Deputy Economy Minister Hugo Perea affirmed Thursday.
This rise was explained by higher investments in expansions of Marcona and
Toquepala, preliminary works at
Quellaveco, expansions of
Toromocho and
Mina Justa, whereas hydrocarbon investments rebounded due to exploration investments at Blocks X and 88.
Mining projects
Over the past two months, two major projects have announced the start of works: the
construction of Quellaveco (with an investment of about US$5 billion), and the expansion of Toromocho (with a US$1.3 billion venture).
These construction works are expected to start in the third quarter of this year.
In this line, the
generation of formal jobs increased by 3.8% between January and May, higher than the figure recorded at the end of 2017 (1.7%).
Additionally, imports of
consumer goods grew 8.7% in the first half of 2018 from 8.3% in 2017.
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Published: 8/16/2018