, thus becoming one of the most dynamic economies in the region, privately-run banking institution Banco de Credito (BCP) projected on Tuesday.
According to BCP's Department of Economic Studies Manager Carlos Prieto, the outcome would be mainly underpinned by a boost in the private sector
, which would also mitigate the negative external factors that would be created by the global economy's deceleration.
Furthermore, he pointed out the Central Reserve Bank (BCR) will maintain its reference rate.
Prieto also projected the exchange rate will stand around the current levels by the end of 2019. However, it could depreciate further at year-end.