Peruvian economy will expand 2.7% this year, according to the latest FocusEconomics' Consensus Forecast LatinFocus September report released.
This rate is similar
to the one projected by the same organization last month.
"Our panel forecasts GDP expanding 2.7% in 2017, which is unchanged from last month's estimate, and expects growth to accelerate to 3.9% in 2018," it noted.
According to FocusEconomics' analysts, the economy accelerated in the second quarter of 2017, expanding 2.4% year-on-year, which marked an upturn from first quarter's disappointing 2.1%, but still paled in comparison with last year's robust performance.
Improved domestic demand was the key driver, with a notably slower pace of contraction in investment and government spending.
On the other hand, growth in exports moderated last July despite rising copper and fishmeal exports.
"Growth should pick up on the back of the ongoing recovery in mining and infrastructure investment into next year, underpinned by the adoption of a countercyclical fiscal policy," it also forecast.