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Credit Suisse: Peru economy to grow 3.3% this year

Credit Suisse, Investment Bank. Photo:Andina/Difusion

Credit Suisse, Investment Bank. Photo:Andina/Difusion

18:17 | Lima, Aug. 24.

Peru’s gross domestic product (GDP) is likely to increase by 3.3% in real terms this year, higher than the 2.35% in 2014, Chief Economist for Peru at Credit Suisse, Juan Lorenzo Maldonado projected.

Maldonado pointed out the economy expanded 0.7% in the second quarter of the year in non-seasonal terms, above the initial forecast of 0.6% on a quarter-on-quarter basis. 

The analyst indicated that consumption growth remained at 0.5% during the analyzed quarter.

He said that in the second quarter of the year the annual real growth rate of GDP in real terms was 3%.

Maldonado has previously affirmed that between April and June Peru posted the fastest rate of expansion in five quarters.

On the other hand, the trade and services deficit remained unchanged at 1.1% and 0.9% of GDP, respectively.

(END) JJN/JJN/AVV/RMB

Published: 8/24/2015
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