, thus posting one of the highest growth rates in the region just behind Bolivia (4.2%), Peruvian Institute of Economy (IPE) has projected.
According to IPE General Manager Diego Macera, the Inca country's GDP would be underpinned by private investment
, which would register a 6.9% rise.
Domestic demand and foreign sales
may also rise next year by 4.3% and 5%, respectively.
On the other hand, he indicated one of the challenges is to improve productivity in Peru
, adding most citizens work in low-productivity companies such as micro-enterprises.
Moreover, Macera noted poverty rates went down in the last decade mainly due to economic growth.