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Peru Fin Min: Economy may grow above 4% in 1Q 2019

08:53 | Lima, Jan. 9.

Economy and Finance Minister Carlos Oliva has projected Peruvian economy might register a growth rate of over 4% in the first quarter of 2019.

In this sense, the official affirmed the Government agrees with Central Reserve Bank's (BCR) projections made for November and December 2018. 

In the latest inflation report, BCR estimated the Inca country's economy may have reached a 5.6% growth rate in November and 5.1% in December. 

Political noise

Likewise, Minister Oliva affirmed the political crisiscentered on the Public Ministry— has not affected the economy. 

"We do not see any impact on the country's economy. Political noise is not good, but what is important is that we are on the way towards finding a solution," he added. 

Within this framework, Minister Oliva stated the Government expects political noise to decrease in 2019. 

"Once we are capable of taking measures against corruption and the Executive's (Branch) proposals to Congress start moving forward, we are convinced, they will have a very positive impact on the country's institutionalism," he concluded. 

(END) RGP/DTK/MVB

Published: 1/9/2019
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