Estadio Nacional, Via Expresa, Ministerio de Defensa,Javier Prado, Centro Financiero, Viviendas, Construcción, Campo de Marte, Trebol de Javier Prado, Miraflores Surco
Having a GDP growth rate of 3.26% and marking 72 months of continuous growth is very positive despite the unstable global economic environment, International Monetary Fund (IMF) Resident Representative for Peru Alejandro Santos affirmed.
According to the National Institute of Statistics and Informatics (INEI), Peru’s GDP has expanded by 2.54% so far this year and grew 2.07% in annualized terms (in the last 12 months).
“These figures are fairly positive, since they show the Peruvian economy keeps growing amid a slightly negative and unstable external environment,” he was quoted as saying by Andina news agency.
Santos recalled the Peruvian economy was growing at a rate below 2% late last year, and even in the beginning of 2015.
“So, a recovery is observed in the last three quarters, implying the existence of an upward growth path, which is positive news,” he added.
The IMF official claimed the economic downturn is related to global factors.
“In sum, the economic slowdown has to do with external factors, because there is a slump in the prices of raw materials, particularly in the prices of metals, which is an important export product for the country; and that has caused the economic activity to slow down,” he added.
Santos explained this lower-growth scenario is not exclusive to Peru, as it has been experienced across Latin America.