Economy and Finance Minister Carlos Oliva on Wednesday affirmed that "the worst is over" regarding Peru's macroeconomic performance this year, following the low growth rates recorded in
April and May 2019.
According to the cabinet member, the shocks —which affected
primary GDP in the referred months— were related to the
fishing and
mining sectors.
The high-ranking official deemed them as "transient and already disappearing ones."
"The expectation for the following months is better (...). Our calculations reveal it will stand slightly above 2.5%," Oliva stressed.
He also said the economy's advanced indicators show favorable results, which would indicate July's GDP could be higher than that of
June.
Remarks were made while addressing Congress' plenary session.
(END) MDV/DTK/MVB
Published: 8/14/2019