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Peru: Private investment to expand 5.2% in 2018, 7.5% in 2019

11:02 | Lima, Aug. 26.

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). 

Private investment will be the driving force for Peru's economic growth consolidation between the second half of 2018 and 2019. 

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

Published: 8/26/2018
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