56323
Peru Revises Growth to 5%
World Economy

Peru Revises Growth to 5%

Peru’s economy will grow by 5% next year instead of 4.8% as previously forecast by the government, President Pedro Pablo Kuczynski said in an interview with a local newspaper published on Monday, Reuters reported. “I don’t believe in those forecasts that say we’re going to grow 4.2% or 4.4%” next year, Kuczynski was quoted saying in the financial daily Gestion. “There’ll be a reactivation of private investment here.” The central bank revised its 2017 growth forecast down to 4.3% from 4.5% last week as it trimmed its outlook for private spending in Peru, a global minerals exporter. The economy grew by a weaker-than-expected 2.12% in October, compared with the year-earlier month, dragged down by a drop in government infrastructure spending that prompted a steep contraction in construction. The president told Gestion that his government would help boost construction by building 40,000 homes for low-income households with the private sector. Kuczynski’s office did not immediately respond to requests to confirm the accuracy of the quotes.

 

Short URL : https://goo.gl/HvNeG0
  1. https://goo.gl/LMwwxo
  • https://goo.gl/90UiuE
  • https://goo.gl/a2Mi9x
  • https://goo.gl/4gLl7I
  • https://goo.gl/YzZoIb

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
Myanmar Businesses Want Lower Taxes
Myanmar businesses are urging the government to lower the...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus