Peruvian economy gathered pace between January and March 2018, following a slowdown in the fourth quarter of 2017 due to a troubled political environment, the latest FocusEconomics' LatinFocus Consensus Forecast report affirmed.
According to analysts, the Inca country's
economic activity accelerated in the first three months, underpinned by greater
foreign sales, higher domestic consumption, and faster credit expansion.
Furthermore, the mining sector recovered last March, after having registered two consecutive months of decline.
The report also noted the
construction sector continued to expand at a healthy pace, mostly driven by favorable financing conditions.
Regarding the second quarter, FocusEconomics pointed out
public investment —which decreased last March— rebounded in April.
"This, together with a marked improvement in business confidence and some reduction in the
fiscal deficit, bodes well for fixed investment going forward," the report read.
Within this framework, panelists estimated Peru's GDP will expand
3.6% in 2018 —unchanged from last month's forecast— and 3.7% and 2019.
(END) NDP/JAA/MVB