Privately-run BCP's Economic Studies Department on Tuesday projected Peruvian GDP will expand 4% in 2018, thus revising upwards its previous projection (3.8%).
According to BCR, the economic activity progress report —last June— showed new evidence that the Inca economy had moderated its growth rhythm, after higher-than-expected rates in April (7.8%)
and May (6.4%)
"Primary sectors were the most affected, as their production would have shrunk after four months. The fishery sector slid 8% in June, the lowest rate in six months, due to lower catches of anchovy (-15%) after closing the first season," it indicated.
"The mining and hydrocarbon sector registered the strongest setback in 42 months (-4.6%) due to a lower production in metallic mining (-5.7%)," it added.