12:15 | Ica (Ica region), Apr. 25.
The
Central Reserve Bank (BCR) has estimated that the Peruvian Economy will increase by around 3% in the second and third quarters of this year.
"It rose 1.4% in January and 2.9% in February, which meant a 2% growth between January and February. In our projection, it will speed up, mainly in the second and third quarters, which will result in growth rates closer to 3%," BCR General Manager Paul Castillo stated.
At this year's International Microfinance Seminar (SIM) held in Ica, Paul Castillo reiterated that the Peruvian economy is expected to grow 3% by the end of this year, not only as a consequence of the rebound from 2023's performance (-0.55%), but also due to the recovery in (business) confidence and private investment.
"Recent indicators show a gradual recovery of business confidence, whose impact is felt on the recovery of investment and the construction sector," he explained.
The BCR official showed the growth projections for primary GDP (2.8%) and non-primary GDP (3.1%) for the current year; while in 2025 they will be the following: primary GDP (3.1%) and non-primary GDP (3%).
Moreover, private investment fell 7.2% in 2023 and is expected to expand 2.3% this year, which involves a projection higher than that made three months ago.
(END) CNA/RMB/MVB
Published: 4/25/2024