The forecast of Peru's economic growth in 2018 remains unchanged at 4%, due to better prospects in fishing and agriculture, which would offset a lower dynamism in mining, Central Reserve Bank's (BCR) Governor Julio Velarde reported Friday.
Likewise, the
farming sector is estimated to
expand 4.8% by the end of the year, compared to the 4% projected last March.
Both sectors are likely to offset the lower dynamism of mining and hydrocarbon production.
The recent report predicts a 0.1% growth for the
mining and
hydrocarbon sector, down from the 2% forecast in March.
Second quarter
Also, the bank estimates Peru's GDP will grow 5% during the second quarter of 2018 on the basis of leading indicators, including the energy sector, as well as imports of consumer and capital goods.
"Peruvian economy could grow 5% in the second quarter of this year, given that the economic activity has shown clear signs of greater dynamism," the BCR head stated.
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Published: 6/15/2018