The Economy and Finance Ministry has informed private investment in Peru will increase 5% in 2018 and 7.5% next year.
This projection was included in the 2019-2022 Multiannual Macroeconomic Framework (MMM).
According to 2019-2022 MMM, this forecast is supported by the dynamism of
mining investments and the acceleration of non-mining
investments, mainly of hydrocarbons, infrastructure, retail, tourism, and real estate.
As is known, the Macroeconomic Projection Update Report -published last April- had forecasted a 4.5% growth rate for private investment in 2018, and 7.2% (2019). These projections were revised upwards to 5.2% and 7.5%, respectively.
On the other hand, MEF's document estimates a 14% rise in
public investment in 2018 and a 4.5% increase in 2019.
Likewise, it also projects private consumption will expand 3.3% this year, and 3.8% in 2019. Thus, domestic demand will rise 4.2% and 4.5%, respectively.
(END) MMG/JJN/DTK/MVB