Andina

Peru economy to grow 2.8% in 2017

COP20 Centro Financiero Lima San Isidro Surco

COP20 Centro Financiero Lima San Isidro Surco

13:11 | Lima, Jul. 28.

Peruvian GDP will expand 2.8% this year despite the impacts of Lava Jato (Car Wash) corruption case and "Coastal El Niño" phenomenon, Prime Minister Fernando Zavala projected.

In this sense, the high-ranking official affirmed growth will be possible thanks to government-measures aimed at mitigating those impacts. 

"[...] we are currently putting more resources into the economy and developing a countercyclical policy," Zavala stated.

Likewise, the also-Economy and Finance minister said the current administration has increased public spending and is focused on raising public investment. 

Lastly, Zavala underlined a bonus will be granted to those affected by "Coastal El Niño."

As is known, the Inca nation was at the mercy of natural disasters in the January-March period. 

(END) JHM/MVB

Published: 7/28/2017