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Fin Min: Peru stands firm unlike other emerging economies

17:45 | Lima, Sep. 4.

Economy and Finance Minister Carlos Oliva on Tuesday highlighted Peru's sustained fiscal soundness.

"Apart from taking some blows, Peru stands firm unlike other emerging economies that weren't as solid as the Peruvian economy," the official expressed while leaving Congress facilities.

Within this framework, he affirmed the Inca country's fiscal soundness will protect it from the external shocks without much trouble. 

As is known, the Economy and Finance Ministry revised upwards its growth projection for 2018 from 3.6% to 4%.

Likewise, Deputy Economy Minister Hugo Perea reaffirmed Peru's economic activity will be underpinned by the strength of domestic demand, due to both bigger fiscal boost and private investment recovery.

Concerning private investment, Perea estimates it will expand 5.2% this year, thanks to mining investment —with growth projected at 19.4%— and non-mining investment, which is expected to post a 2.7% gain, the highest rate in five years. 

(END) RGP/JJN/DTK/MVB

Published: 9/4/2018
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