Peru: Economy showed signs of recovery in June, July and August 2019

11:19 | Lima, Sep. 10

Peruvian economy registered recovery signs in June, July, and probably August 2019, after having posted poor performances in April and May, the Central Reserve Bank affirmed Tuesday.

According to (BCR) Economic Studies Central Manager Adrian Armas, the abovementioned positive result was underpinned by a better performance of primary activity, especially of the mining, fishing, and primary manufacturing sectors.

Likewise, Armas indicated Peruvian economy posted a slowdown in the first half of this year, as it went from an annual expansion rate of 4% in 2018 to 1.7% in last June. This was the outcome of contraction in the abovementioned sectors.

"We expect a recovery in the second half," the official expressed in this sense.

He went on to add the consensus of analysts, banks, and businesspeople projects a 3% growth rate by the end of the year.

Remarks were made during his presentation at "2019 Economic Forum: Recovering confidence in order to continue growing" hosted by the American Chamber of Commerce of Peru (AmCham) in Lima.

(END) RGP/JJN/DTK/MVB

Published: 9/10/2019

Peru: Economy showed signs of recovery in June, July and August 2019

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