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IMF: Peru economy to expand 3.8% in 2019, 4.1% in 2020

09:00 | Lima, Jan. 26.

The International Monetary Fund (IMF) projected that the Peruvian economy will expand 3.8% in 2019 and 4.1% in 2020, thus remaining as one the fastest growing in the region.

Likewise, the international organization indicated Peru's economy may have risen 3.8% last year. 

"Peru's economy is estimated to have expanded nearly 4 percent in 2018, driven by higher commodity prices, as well as countercyclical fiscal and monetary policies," IMF expressed. 

"Growth is projected to stay close to 4 percent in 2019-20, with robust private domestic demand offsetting a gradual fiscal consolidation," it added. 

It should be noted the institution revised downwards its previous projection for 2019 —released in October 2018— from 4.1% to 3.8%. 

Latin America

"Economic activity in Latin America continues to rise, but at a slower rate than previously anticipated," IMF said. 

According to the international agency, Latin America is expected to advance by 2% in 2019 and 2.5% in 2020. 

(END) CNA/DTK/RMB

Published: 1/26/2019
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