Peruvian GDP will expand over 4.5% in the first quarter of 2019, BBVA Research projected Friday.
According to BBVA Research Head Francisco Grippa, this outcome will be underpinned by
new mining projects in the aforementioned period.
Likewise, he indicated normalization of mining production and a positive statistical effect of Holy Week —which falls in April this year— will have an impact on the
Inca country's GDP.
Furthermore, Grippa expects a lower increase in public investment, taking into account the change in administration at sub-national levels.
On the other hand,
mining investment is projected to reach between US$6 billion and US$6.5 billion this year, driven by mines' lower production costs.
(END) MMG/CNA/DTK/RMB
Published: 1/25/2019