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Peru likely to grow 3% in 2017, affirms PM

Cortesía

Cortesía

14:16 | Lima, May. 16.

Peruvian gross domestic product (GDP) may expand 3% this year in light of March's positive growth result, Prime Minister Fernando Zavala projected on Tuesday.

In this sense, the Cabinet Chief forecast further positive results in April that would contribute to a 3% expansion in 2017. 

"April [result] will also be on the positive trend. The goal is to grow 3% this year, and 4.5% the next one," he affirmed. 

In addition, the government official highlighted Peru's GDP growth last March —at 0.71%— despite recent "Coastal El Niño" phenomenon disasters, which battered several regions.

"We have grown; we are talking about a 2% GDP rise in the first quarter. That means we may reach the government's 3% [growth rate] objective," he stressed.

Zavala noted this will partly depend on whether the public administration executes investment properly. 

(END) CNA/JJN/DHT/MVB

Published: 5/16/2017
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