Peru's GDP growth rate will stand at 3.5% in 2018, which is higher than the rate for 2017 (2.5%), the Economic Commission for Latin America and the Caribbean (ECLAC) projected.
"Economic activity is expected to strengthen in a number of countries that have been growing at moderate rates up to now, including Chile (2.8%), Colombia (2.6%), and Peru (3.5%)," reads the report.
On the other hand, Latin America's economic growth turned positive in 2017 (1.3%) after two years of contraction, while estimates put the regional GDP growth rate at 2.2% for 2018, thereby experiencing a moderate recovery.
A more favorable external context —along with greater dynamism in consumption and domestic investment— will favor such expansion.
The long-awaited regional rebound —after a 1% contraction in 2016— will gain strength next year, although still slowly and moderately, with the global economy growing at rates close to those recorded in 2017 (around 3%), and emerging economies outperforming developed ones.
(END) RGP/RGP/RMB/MVB
Published: 12/15/2017