Andina

Peru's GDP growth to accelerate in 1Q 2018

Carretera Longitudinal de la Sierra

Carretera Longitudinal de la Sierra

16:59 | Lima, Mar. 1.

Peru's GDP will expand at faster pace in the first quarter of 2018, compared to the growth rate recorded in the last three months of 2017 (2.2%), Latin Pacific Capital Vice Chairman Emilio Zuñiga projected Thursday.

According to Zuñiga, this positive result will be mainly explained by public investment.

"Public investment growth will —in any case— be higher than the one registered in the last part of 2017," he told Andina news agency.

It must be noted public investment saw a nominal growth of 55.7% last February

In this sense, public investment execution totaled S/2.414 billion (about US$740.263 million) in the first two months of 2018, up by 44.9% over the same period last year.

Private investment

On the other hand, he estimated private investment will experience dynamization in the second half of the current year, underpinned by strong public investment execution.

"Public investment will begin to invigorate some private investment sectors, which will impact not only on private investment but also on consumption, starting in the second half [of 2018]," he explained.

(END) RGP/RGP/JAA/MVB

Published: 3/1/2018