Andina

Peru's 2018 GDP growth projection remains at 4.2%

00:02 | Lima, Jan. 15.

Peru's Central Reserve Bank (BCR) maintains its economic growth forecast for this year at 4.2%.

"We maintain our economic growth projection for 2018 at 4.2%, as was estimated in the December 2017 Inflation Report," BCR Economic Studies Central Manager Jorge Estrella expressed.

According to the official, said decision was taken since Peruvian economy's fundamentals remain solid despite the political uncertainty experienced in the past weeks.

It must be noted BCR also projected this situation could have a temporary and short-term impact.

"Even the economic fundamentals are better than those witnessed before political noise," he noted.

Added to this is the good performance of commodity prices, which registered even better results.

Private investment

Likewise, he pointed out economic agents' investment decisions will remain unchanged since political uncertainty was transitory and did not affect the economic fundamentals.

"The economic model is not at risk and will not be changed," he concluded.

(END) JAA/MVB

Published: 1/15/2018