Peru's GDP growth should firm up next year, underpinned by a
and healthy external demand for commodities, the latest FocusEconomics' LatinFocus Consensus Forecast report projected.
In addition, continued job gains and rising wages in the private sector should sustain consumer spending
Moreover, large international reserves should shield the country from possible capital flight, while healthy public finances should give fiscal policy
some room for maneuver.
FocusEconomics panelists see GDP expanding 3.8% in 2019, unchanged from last month's forecast, and 3.7% in 2020.
On the fiscal front, recent data shows that the 12-month rolling budget deficit in October was 2.2%.
Although it widened slightly from September's 2%, it remained comfortably under the 3.1% level reached at the beginning of the year, thanks to soaring tax revenues
Editor's note: Based on information provided by FocusEconomics.