has estimated Peru's real GDP will grow 3.7% in 2018.
The Economist Intelligence Unit recently revised down its GDP estimate for 2018 to 3.7%, from 4.1% previously, due to the slowing of growth in the third quarter.
"Although we expect a better result in the fourth quarter, it will be against a higher base of comparison," the officer expressed.
In 2019, The Economist Intelligence Unit expects growth to stay at around the same level of 3.7%, owing to Peru's strong
macroeconomic fundamentals.
Furthermore, the analyst indicated private consumption and
private investment are once again expected to do very well.
"Investment in the
mining sector will be strong owing to a global supply deficit of key metals like
copper," he said.
Moreover, Surya stated
mining investment tends to have a significant multiplier effect, as it generates employment in related industries.
(END) NDP/DTK/MVB