MercoPress, en Español

Montevideo, April 25th 2019 - 21:59 UTC

Peru foresees great economic expansion for 2017

Friday, November 25th 2016 - 16:26 UTC
Full article 1 comment
Peru's Economy and Finance Minister Alfredo Thorne Peru's Economy and Finance Minister Alfredo Thorne

Peru's Economy and Finance Minister Alfredo Thorne said Thursday his country is set to record a growth of 4.8% as next year's budget was passed. Private investment in areas such as infrastructure will be the key.

 ”For the next year we expect to grow 4.8%, driven mainly by private investment (1.3 percentage points), public spending (0.5 percentage point), exports and other. That way we would have the highest growth rate in the region,“ Thorne said. While supporting the Budget, Indebtedness and Financial Equilibrium Act for fiscal year 2017, Thorne said he expects public investment to be at 5.5% of GDP in 2017.

”The growth of Peruvian GDP has remained around 4% per annum, although in the third quarter of this year it reached a level of 4.4% and much was explained by the effect of copper production and the primary sectors,“ he said.

The minister said that the international scenario is increasingly worrying, with global projections for a slow worldwide growth, a which can be explained through what is going on in developed economies such as the United States.

”The international context in which we operate presents us with the enormous challenge of balancing the multiple needs of investment and spending to boost growth and preserve the prudence and fiscal responsibility that has allowed us to reap so many successes over the last two decades,” the minister explained.

Categories: Economy, Politics, Latin America.

Top Comments

Disclaimer & comment rules
  • Marti Llazo

    News item 1: ”The growth of Peruvian GDP has remained around 4% per annum...”

    News item 2: Illusion of economic surge in Argentina evaporates. Even INDEC numbers show a new plunge of 3.7% for September. Near-term recovery increasingly in doubt. Argentina maintains reluctant to allow Elbonian experts to run their economy.

    http://www.lanacion.com.ar/1959417-se-evapora-la-ilusion-de-un-repunte-de-la-actividad

    Nov 25th, 2016 - 04:45 pm 0
Read all comments

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!