Fin Min: Peru economy grows despite global volatility

Peruvian economy expands and will continue to do so —mainly underpinned by domestic demand— in spite of global volatility, the country’s Economy and Finance Minister Carlos Oliva affirmed on Wednesday.

His remarks were made while addressing Congress regarding the 2019 General Budget.

“Global volatility has not translated into lower growth rates (for Peru). On the contrary, the growth rate is expected to rise to 3.9% this year and post a similar figure next year,” the official affirmed.

“This is mainly due to the recovery of the U.S. economy and plenty of European ones, which experienced some problems a couple of years ago, and this is despite the slight slowdown in China’s GDP growth,” he added.

In any case —the minister continued— Peru grows at annual rates close to 4%, and the Government “works really hard” to achieve this level of expansion.

“We understand that part of the boost to reach 4% has to do with public investment. We are making utmost efforts to achieve the forecast of the Multiannual Macroeconomic Framework, that is to say an annual growth rate of 14%,” he explained.


Fuente: Andina

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