Peruvian economy expands and will continue to do so —mainly underpinned by domestic demand— in spite of global volatility, the country's Economy and Finance Minister Carlos Oliva affirmed on Wednesday.
"Global volatility has not translated into lower growth rates (for Peru). On the contrary, the
growth rate is expected to rise to 3.9% this year and post a similar figure next year," the official affirmed.
"This is mainly due to the recovery of the U.S. economy and plenty of European ones, which experienced some problems a couple of years ago, and this is despite the slight slowdown in China's GDP growth," he added.
In any case —the minister continued— Peru grows at
annual rates close to 4%, and the Government "works really hard" to achieve this level of expansion.
"We understand that
part of the boost to reach 4% has to do with
public investment. We are making utmost efforts to achieve the forecast of the Multiannual Macroeconomic Framework, that is to
say an annual growth rate of 14%," he explained.
(END) MDV/MDV/RMB/MVB
Published: 11/28/2018