Fin Min: Peruvian economy enters upward trend

14:11 | Lima, Jan. 30.

Peruvian economy has entered an upward trend, driven by stronger domestic demand, through the acceleration of public and private investments, Economy and Finance Minister Claudia Cooper informed Tuesday.

In this sense, the cabinet member noted almost all indicators showed exponential growth during the third and fourth quarter of 2017.

Cooper went on to add the results contributed increasing to public and private investments, as well as tax collection.

"What we can see is that it [Peruvian economy] is in a phase that seems to be on the rise […]," she underscored.

Likewise, the government official highlighted the positive indicators registered during the first month of 2018.

"Economically speaking, there is good news and —hopefully— that will continue […]," she expressed.

The minister also pointed out tax collection rose above 7.5% in December 2017.

"What we see is a clear trend change in terms of revenue," she said in this sense.

According to the government official, the country's GDP expanded in recent years underpinned by the primary sector. However, it is now driven by domestic demand.

"We [Peru's GDP] may have grown 2.5% in 2017," she concluded.


Published: 1/30/2018
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