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Peru Economy to Speed Up

Peru Economy to Speed UpPeru Economy to Speed Up

Peruvian economy will expand 3% this year, retaining lead in the region, and will consolidate its position in 2018 with a GDP increase of 4.5%, according to Macroeconomic Outlook Update Report conducted by the ministry of economy and finance. Growth will come despite impacts caused by coastal El Nino phenomenon and stopped works linked to Brazilian firms. The document claims next year’s expansion will be driven by increased public investment, whereas private investment will grow 5% in 2018.

 

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