Andina

Peru Economy to grow by up to 4% during last quarter of 2015

LIMA,PERÚ-NOVIEMBRE 26. El ministro de Economía, Alonso Segura expone sobre el presupuesto 2016 en el pleno del Congreso de la República.
Foto: ANDINA/Oscar Farje Gomero.

LIMA,PERÚ-NOVIEMBRE 26. El ministro de Economía, Alonso Segura expone sobre el presupuesto 2016 en el pleno del Congreso de la República. Foto: ANDINA/Oscar Farje Gomero.

12:56 | Lima, Nov. 26.

Peru's economy would strongly accelerate in the last quarter of 2015 to grow between 3.5% and 4.0%, boosted essentially by primary sectors as well as a partial subnational public investment recovery, Finance and Economy Minister Alonso Segura projected on Thursday.

"Peruvian economy has entered a gradual recovery phase," the Minister affirmed at the Congress Plenary session.

"For the last quarter, we expect expansion to stand above 3.5%, maybe 4%," Segura estimated.

The government official went on to add growth will benefit from mining activity.

GDP expanded by close to 1% in the last three-month-period of 2014, he reminded.

Remarks were during his presentation at the Congress Plenary session to support the 2016 Public Sector Budget proposal amounting to S/.138.4 billion (about US$41.34 billion).

The corresponding budget discussion began on Thursday afternoon. The debate session kicked off on Thursday morning.

(END) RGP/JJN/MVB

Published: 11/26/2015