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Central Bank maintains Peru's 2018 GDP growth forecast at 4%

13:46 | Lima, Dec. 21.

Peru's Central Reserve Bank (BCR) on Friday maintained its economic growth forecast for 2018 at 4%.

The financial entity says this expansion would be underpinned by a pickup in non-primary GDP (4.1%).

According to BCR Governor Julio Velarde, the sectors that expanded the most would be fisheries (39.8%), primary manufacture (13.9%), farming (7.0%), and construction (5.9%).

Likewise, the bank maintained its economic growth estimate for 2019 at 4%.

Velarde explained that Peru's GDP growth next year would be underpinned by an increase in mining-hydrocarbon and construction sectors.

(END) RGP/RMB/MVB

Published: 12/21/2018
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