20:57 | Washington, Apr. 14.
Peru's economy will improve gradually, after having registered deceleration last year, and will display a growth of 4.5% in the years ahead, the Deputy Division Chief in the IMF's Western Hemisphere Department Oya Celasun estimated.
After a slowdown in the economic activity's growth rhythm registered in 2014, mainly due to external factors, "Peru will pick up in the years ahead,” the director estimated.
The growth will be “closer to 4.5%," Celasun said.
She also stated Peruvian economy went from 6% (2013) to a rate "between 2.5% to 3%" last year (2014). This was due to the decline in metal prices on the international market. According to IMF, Peru's economy will grow by 3.8% (2015) and 5% (2016).
"Much of that was related to the slowdown in metal prices but there were some domestic factors, as well. Those domestic factors [such as] supply-side constraints, lower production in some mines temporarily, some issues and slowdown in investment and sub-nationals are going to go away next year," Celasun stated.
She said the government has adopted a stimulus program, "of 2 percentage points of the Gross domestic product (GDP)" to counter the slowdown.
The IMF and Peru’s government consider this a “temporary setback.” Nonetheless, Peru's economy will "pick up" in the years ahead, she assured.
(END) JJN/JJN/RGR/MVB
Published: 4/14/2015