Peru's economy will expand 2.8% in 2017 and 4% in 2018, based on signs suggesting a rebound in productive activities, Economy and Finance Minister Fernando Zavala projected on Wednesday at Congress.
"Peruvian economy is changing its course, and it will grow 2.8% this year
," Zavala assured adding GDP will "expand 4% in 2018."
"We expect greater dynamism of productive activities in the coming months, as we already see signs of a rebound in the economy," the Minister said.
Likewise, he underlined that entrepreneurs' confidence in Peru is on the "optimistic trend
" saying "there are signs [suggesting] private investment will increase in 2018."
"Public investment has started to rebound, and we are on positive ground," Zavala stated in this sense.
Royalties and canon
The also Prime Minister said that higher metal prices
—on the international market— will have a positive impact on the economy.
"It will mean higher royalties, and a higher mining canon
for the regions next year," he concluded.
Remarks were made during the presentation of the Development Perspectives and Plans at Congress' Economy Commission.