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
sector, down from the 2% forecast in March.
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.