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.