Peru's qualification for 2018 FIFA World Cup Russia will strengthen short-term private consumption in the Inca country, Central Reserve Bank (BCR) Governor Julio Velarde projected Wednesday.
"It [the qualification]
gives confidence to the population, and it may likely have an impact [on private consumption]," he underlined.
"Yet, that is hard to measure," the official affirmed following his participation in the 28th Annual Seminar of Economic and Social Research Consortium (CIES).
According to Velarde, the more confident citizens are, the more optimistic they will become. Thus, they will spend more money.
"Consumer optimism makes them more willing to spent more [money], and that boosts economic activities," he expressed.
GDP Projections
(END) MMG/JJN/FGM/MVB