Peru's Economy and Finance Minister Fernando Zavala said his sector is targeting efforts towards achieving 2.8% of GDP this year.
Mr. Zavala, who concurrently serves as Prime Minister, also projected an economic expansion of 3.8% for 2018.
Measures have been taken to boost public and private spending during the second half of this year, he said.
"We are working to finish the year at a 2.8% growth rate," he underlined.
The Cabinet chief went on to say the
Peruvian economy is estimated to grow between 3.8% and 4% in 2018, according to the latest Multiannual Macroeconomic Framework, which is still unreleased.
"We expect to see a 4% rise as a result of some additional measures, and we want such growth to be close to 5% after 2018. However, that depends on the actions the Government is planning to take," he affirmed.
(END) MDV/RMB/MVB
Published: 8/15/2017