Andina

BCP sees Peru's economy up 6.5% in Q4-2013

Photo: ANDINA/Archive.

Photo: ANDINA/Archive.

15:50 | Lima, Oct. 02 (ANDINA).

Banco de Credito, the country's largest Bank, has forecasted Peruvian GDP growing 6.5% in the last quarter of the year, driven by the increased domestic demand of sector such as construction, commerce and services.
Juan Carlos Odar, head of economic studies at BCP, noted the GDP will be favored by a most dynamic performance of the country's mining sector, in particular, metallic mining between October and December.

"Thus, the increase in mining production will boost exports," he noted. 

Likewise, the BCP estimates the domestic demand will rise 6.8% this year, making it the main driver of the national economy. While consumption and investment will gain 5.9% and 9.9%, respectively.

The sectors with the highest expected growth rates for this year are construction with an increase of 10.4%, followed by services (6.3%), electricity (6%), commerce (5.9%) and mining (4.6%), according to the bank's estimates.

Likewise, the bank pointed out that taxable income will be positive for this year and will be reflected in a surplus of 0.4 percent of GDP

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Published: 10/2/2013
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