The Economic Commission for Latin America and the Caribbean (ECLAC) revised Peru's economic growth forecast upwards from 3.6% to 3.9% for 2018, taking into account
last August's projection.
According to
ECLAC, the Inca country's GDP is expected to expand from 2.5% in 2017 to 3.9% this year, and then to 3.8% in 2019.
In terms of growth rate and compared to its South American peers, Peru is in third place alongside Chile (3.9%), behind Paraguay (4.6%) and Bolivia (4.3%).
Thus, its productive activity exceeds that of Colombia (2.7%), Uruguay (1.9%), Brazil (1.4%), Ecuador (1%), Argentina (-2.8%), and Venezuela (-15%).
Latin America and the Caribbean
The regional organization also updated
economic growth projections for the region for 2018 and expects an average expansion of 1.3% in Latin America and the Caribbean this year, slightly lower than that forecast this past August (1.5%), while it foresees a growth rate of 1.8% for 2019.
"As for the economies of Central America, a growth of 3.2% is estimated for this year and 3.3% for 2019," ECLAC indicated.
"If Central America and Mexico are both taken into account, the projection for 2018 is 2.4% and 2.5% for 2019," it added.
Furthermore, the average expected growth for the English- or Dutch-speaking Caribbean is 1.9% for 2018, a higher revised figure compared to the August projection.
(END) CNA/RMB
Published: 10/17/2018