LIMA,PERÚ-NOVIEMBRE 03. Entrevista al vicepresidente del grupo soberano de Moody's Investors Service, Jaime Reusche en Andina TV .Foto: ANDINA/Dante Zegarra.
Moody's Investors Service expects to revise up Peru's 2018 growth forecast (currently at 3.9%), Moody's Sovereign Risk Group Vice-President Jaime Reusche said on Monday.
"I'm pleased because this could be the first time in three years we are going to revise our projection upwards, after three years of downward revisions," he said in a panel discussion hosted by Andina news agency and El Peruano official gazette.
Moody's senior analyst explained a turning point was reached over the past months, in terms of
private investment, which has grown 7% underpinned by greater
public investment.
Dynamic private investment
This shows private investment, mining and non-mining investment is going hand-in-hand with public investment, which has finally started up.
"The Peruvian economy is about to enter into a virtuous circle. This is a relatively exciting moment," he added.
"An interesting situation can arise in the following months, as we are moving towards a sustainable growth scenario of 4%, hand-in-hand with private investment," Reusche noted.
"Nevertheless, we have to be careful and seek reforms that will ensure a potential, relatively high expansion," he underlined.
(END) RGP/JJN/RMB/MVB
Publicado: 6/11/2017