Peru’s economy is expected to grow by 2.4% in 2015 despite the regional 1.5% contraction, the International Monetary Fund (IMF) projected.
The latest World Economic Outlook (WEO) report was presented within the framework of the Annual Meetings of the Boards of Governors of the WBG and the IMF.
IMF Research Department Deputy Director Gian Maria Milesi-Ferretti highlighted Peru's monetary and fiscal policy management, which allows the country to tackle the negative effects of the current international economic situation.
"Peru maintains a solid macroeconomic framework, which will enable the country to boost its economy over the next years," he indicated.
The IMF Deputy Director explained it is essential to ensure new investment flows besides boosting public investment, which will contribute to achieving a dynamic productive activity.
In this sense, he considered Peru's economy will grow by 3.3% in 2016.
Unemployment and Inflation
At the same time, Milesi-Ferretti estimated Peru's unemployment rate will remain at 6% in 2015, as well as in 2016, as was registered in 2014.
On the other hand, Peru will record the lowest inflation rate in 2015 and 2016 at the regional level; 3.2% and 2.8% respectively. These results are positioned far below the annual averages registered in South America; 15.8% and 15%, respectively.
"The clear evidence is that South America, the "commodities" producer, will be the only region to register a Gross Domestic Product (GDP) contraction (-1.5%) and may decline by 0.3% in 2016," Milesi-Ferretti stated.
The economist participated at the World Economic Outlook (WEO) press briefing on Tuesday.
(END) SDD/JJN/HMC/MVB