"I'm pleased because this could be the first time —in three years— we are going to revise our projection upwards, after three years of downward revisions," he said in a panel discussion hosted by Andina news agency and El Peruano official gazette.
Moody's senior analyst explained a turning point was reached over the past months, in terms of private investment
, which has grown 7% underpinned by greater public investment.
Reusche pointed out this situation shows private, mining and non-mining investments are going hand-in-hand with public investment
, which has finally started up.
"The Peruvian economy is about to enter into a virtuous circle. This is a relatively exciting moment," he stated.
"An interesting situation can arise in the following months, as we are moving towards a sustainable growth scenario of 4%, hand-in-hand with private investment
," Reusche noted.
He went on to add Peru's growth potential —which stands at 4%— is one of the top growth rates in the region.
"Nevertheless, we have to be careful and seek reforms that will ensure a potential, relatively-high expansion," he underlined.
On the other hand, the analyst underlined Peru is one of the fastest-growing countries this millennium.