Investments  Can Boost  Peru Growth
World Economy

Investments Can Boost Peru Growth

Peru’s economy could grow more than 4% in 2018 if private investment picks up, particularly in infrastructure, Economy Minister Claudia Cooper said, Reuters reported. “The main variable is private investment,” Cooper said in an interview on local radio station RPP. “We could easily grow more than 4%.” Peru’s GDP will probably expand 4-4.5% in 2018 driven by infrastructure and mining investment projects, according to Banco de Credito del Peru, which raised its growth forecast from earlier projections of 3-3.5%. The bank also forecast a $6.8 billion trade surplus, 2.5% inflation and a 3.5% fiscal deficit. Meanwhile, Peru’s mining production contracted by 1.6% in October as half-a-dozen major metals posted lower output, the government said in a preliminary report. At the same time, manufacturing led by steel and precious metals refining, which is tracked a month earlier, shrank 2.6% in September, the statistics office said in a statement.  Production of copper, Peru’s biggest export earner, slid 1.4% in October, while silver (-8.1%), tin (-7.6%), lead (-2.6%), iron ore (-53.2%) and molybdenum (-3.8%) also saw lower output, according to the agency.


Short URL : https://goo.gl/3tBFKp
  1. https://goo.gl/HC9vkZ
  • https://goo.gl/1ah7rv
  • https://goo.gl/N3ej7t
  • https://goo.gl/wXNPdd
  • https://goo.gl/4jKyn8

You can also read ...

Russia Economic Recovery Underway
Retail sales in Russia picked up in April, while real wages...
Greece at Crucial Point
Discussions are heating up over future debt repayments for...
Brazil CB Keeps Rates on Hold
Brazil’s central bank considered cutting interest rates last...
Peru Economy Strengthens
Economic growth in Peru strengthened in the first quarter...
While China tries to alleviate its demographic crunch, the aging society means a pension shortfall.
Forget that image of sweatshops making all kinds of cheap...
EU Tells Italy to Cut Debt, Warns of Euro Spillover
Italy’s incoming government should aim to cut its heavy public...
In 2017 banks had total mortgage lending of around $352 billion.
High levels of household debt are the greatest risk to Sweden’...
Saudi Gov’t Told Not to Boost Spending
The International Monetary Fund urged the Saudi government not...

Add new comment

Read our comment policy before posting your viewpoints