Peruvian economy may have expanded 2.5% last year, mainly underpinned by domestic demand, which gained momentum in the second half of 2017, Economy and Finance Minister Claudia Cooper projected Tuesday.
"Nowadays, the country is growing based on domestic demand, namely public and
private investment," the cabinet member told RPP local news station.
"We [Peru's GDP] may have grown 2.5% in 2017," she added.
Within this context, Cooper stressed
public investment registers significant progress, and the physical development of works —which is a key indicator on this matter— grows at a rate of 19% in real terms.
Likewise, the government official noted the country's GDP had grown in recent years boosted by primary sectors, as a result of previous
investments in the mining industry. Yet, it is now driven by domestic demand.
Lastly, she pointed out Peruvian GDP could have expanded beyond 2.5%. However, corruption scandals and
Coastal El Niño phenomenon were the dramatic factors that led to such projection.
(END) RGP/RGP/JAA/MVB
Published: 1/30/2018