Peruvian economy might have reached a 4% expansion in 2018, underpinned by private consumption, which made up almost two-thirds of the total, Peruvian Institute of Economy (IPE) informed Wednesday.
On the other hand, Central Reserve Bank's (BCR) latest inflation report estimated Peru's economy may have grown 5.1% in December last year.
Public and private investment
IPE General Manager Diego Mareca pointed out
public investment saw a strong increase of two digits, although, it was lower than projected.
Likewise, he underlined
private investment's performance was much better than the one recorded in previous years.
2019
Competitiveness
In addition, the economist highlighted the Government's efforts to close
competitiveness gaps.
"That is extremely positive. Now, we have to wait a bit to see what happens with the competitiveness plan, which should be finished around mid-year," he told Andina news agency.
"There is no need to wait for the entire labor reform to see improvements. Small reforms can be carried out," IPE representative concluded.
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Published: 2/6/2019