Economy and Finance Ministry has revised upwards Peru's GDP growth projection from 3.6% to 4% for 2018, according to the new 2019-2022 Multiannual Macroeconomic Framework (MMM) approved Wednesday by the Council of Ministers.
"We've approved a GDP growth path that starts
with a 4% expansion in 2018 and reaches 5% in 2021," Economy and Finance Minister Carlos Oliva pointed out.
The high-ranking official explained GDP progressive increases are expected during the next years, supported by a number of items included in the 2019-2022 Multiannual Macroeconomic Framework.
Fiscal deficit
According to the 2019-2022 Multiannual Macroeconomic Framework, the
fiscal deficit will end at 3% of GDP this year.
"With these aspects and other details, we can support and create a credible path to 1% of GDP," the minister indicated.
(END) CNA/DTK/MVB