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FocusEconomics: Peru economy to expand solidly in 2019

09:08 | Lima, Nov. 8.

Peruvian economy should expand solidly in 2019, underpinned by strong domestic demand and sustained foreign sales of commodities, the latest FocusEconomics' LatinFocus Consensus Forecast report projected.
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"Consumer spending should be fueled by employment growth, relatively low inflationary pressures and rising wages, while fixed investment will benefit from higher infrastructure expenditure and business spending," it expressed.

Moreover, public finances will remain in good health, providing the government fiscal room for maneuver if required.

According to the privately-run agency, escalating trade tensions between China and the U.S. represent the main downside risk, as they would weigh on demand for exports

Yet, FocusEconomics panelists see GDP expanding 3.8% in 2019, unchanged from last month's forecast, and 3.7% in 2020.

(END) NDP/DTK/MVB

Publicado: 8/11/2018