throughout the first quarter of 2019 should have cushioned Peruvian economy's slowdown somewhat, the latest FocusEconomics' LatinFocus Consensus Forecast report affirmed.
On the fiscal front, the 12-month rolling budget deficit in March dropped to 1.9% from February's 2.1%.
"The favorable fiscal developments led the Ministry of Economy (and) Finance to trim the 2019 fiscal deficit target to 2.2% of GDP from the previous target of 2.7%," it expressed.
Moreover, solid growth in exports of commodities, positive business sentiment, and rising infrastructure spending should support fixed investment.
Within this framework, FocusEconomics panelists see GDP growing 3.8% in 2019
, which is unchanged from last month's forecast, and 3.7% in 2020.