Privately-run BBVA Research has indicated that Peruvian mining production will show a better performance this year, which will give strong support to GDP growth.
According to Economy and Finance Ministry forecasts, Peru's economy may achieve a 4% expansion in 2020.
Likewise, the BCR predicted that mining production will continue growing —although at a slower pace.
Also, it said that mining production recovery will be mainly explained by the performance of three metals:
copper, zinc, and iron.
Within this framework, it projected that
zinc production will reach 1.3 million metric tons (up by 6%), while Marcona Expansion will enable
iron production to rise by 29%, thus amounting to 12.8 million metric tons.
The expected mining production recovery will lead the country's economic activity to rise by 0.6 percentage points.
(END) MDV/MTS/MVB