Analysts remain optimistic about Peru's economic performance despite political noise as they affirm the country's GDP will be more dynamic next year for several reasons.
Scotiabank analyst Mario Guerrero said there are many reasons to believe 2018 will be a better year.
"There are many factors to be considered, such as Peru's qualification for the World Cup —which is likely to inject a dose of optimism to consumers— the hosting of Dakar and the visit of Pope Francis early next year," he said.
The Scotiabank's forecast for Peru's economic growth next year remains at around 3.7% and within a range of 3.5% to 4%.
"We hope growth rates will be more likely to go up than down, although we definitively think there are many reasons to say 2018 will be a better year," Guerrero said, agreeing with Chief Economist at BBVA Research Hugo Perea.
Private investment sees positive signals
Guerrero also agreed with BCR Economic Studies Central Manager Adrian Armas that Peruvian economy "is already on the rebound" and that private investment remains in positive territory.
"Of course, mining exploration investment has increased, and non-mining investment remains quite incipient, but we hope this recovery will strengthen," Guerrero added.
(END) MDV/JJN/RMB
Published: 12/11/2017