Peruvian economy could increase by 3.9% in the current year due to the primary sector recovery, which could contribute 1.5 percentage points to Gross Domestic Product, Peru's Central Reserve Bank (BCR) Chairman Julio Velarde forecasted on Monday.
"If all other economic sectors grow at the same pace as last year [when GDP expanded by 2.35%], primary sector recovery will add 1.5 percentage points to GDP, and thus we [Peru's GDP] would increase by 3.9%," he stated.
"However, we are likely to grow slightly less because the other sectors would increase slightly less compared to last year," the official added.
Nonetheless, the issuing entity chairman highlighted the primary sectors recovery in the country.
Primary sectors
In this sense, he projected that primary sectors could increase by 5.6% between July and December of 2015.
"Likewise, we hope that public investment starts to flourish between September and December 2015," the issuing entity chairman added.
On Monday, the BCR head participated in the "Exporting Peru to the World" seminar, comprised in the activities related to the inPERU's 9th Road Show: Asia 2015. It is aimed at highlighting the country's potential and consolidating Peru as the nation, which offers the most attractive investment opportunities to foreign investors.
InPERU is a non-profit association founded by the main business organizations of the Peruvian market by committing to promoting the country's opportunities, as well as its financial and capital markets in overseas.
Road Show Asia 2015 will subsequently continue in Seoul (South Korea) and come to an end on September 11 in Beijing (China).
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