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PM: Peru's economy to rise well above 4% after 2019

Estadio Nacional, Via Expresa, Ministerio de Defensa,Javier Prado, Centro Financiero, Viviendas, Construcción, Campo de Marte, Trebol de Javier Prado, Miraflores Surco

Estadio Nacional, Via Expresa, Ministerio de Defensa,Javier Prado, Centro Financiero, Viviendas, Construcción, Campo de Marte, Trebol de Javier Prado, Miraflores Surco

11:02 | Lima, Aug. 28.

Prime Minister Fernando Zavala is optimistic about Peru's growth for the coming years and asserted its economy will expand well above 4% after 2019.

Said optimism is supported by the government measures undertaken to recover the high growth rates that Peru had been seeing over recent decades.

As is known, Peru's economy slowed down due to external factors, such as the falling metal prices, as well as recent Lava Jato and Coastal El Niño shocks.

The cabinet member also affirmed President Pedro Pablo Kuczynski's administration will promote public investment in a "very active" way, noting that next year's budget will grow 9% compared to 2017.

As for private investment, latest surveys indicate a sharp rebound in entrepreneurs' expectations.

Likewise, Zavala mentioned that the government will boost the Public-Private Partnerships (PPP), as well as the mechanism of Works for Taxes, among other measures.
Finally, the also Economy and Finance Minister stressed that this year's economic growth will reach 2.8%.

It must be noted said figure —although lower— is positive considering the 0% expansion of GDP in 2017 for several months due to Coastal El Niño and Lava Jato scandal.

(END) CCR/JAA/MVB


Published: 8/28/2017
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