Peru's GDP will register a more moderate expansion —between 3% and 3.5%— in the second half of 2018
between January and June, privately-run Banco de Credito (BCP) projected Tuesday.
According to BCP's Economic Studies Department, the Inca country's economy might also grow between 3% and 3.5% in the first half of 2019.
After expanding 5.3% during the first semester, the banking institution indicated domestic demand
might increase around 3% between July and December 2018, due to a sharp slowdown in public spending caused by sub-national public investment contraction.
On the other hand, BCP's macroeconomic weekly report informed private spending will maintain a healthy rate ranging from 3.5% to 4% in the second half of the present year.