PARACAS, PERÚ-NOVIEMBRE 12.Julio Velarde, presidente del BCR en CADE Ejecutivos 2,014.Foto: ANDINA/Carlos Lezama
The Central Reserve Bank (BCR) estimates Peruvian economy will double in size this year and expand by 4.8%, giving a more optimistic forecast than that of the International Monetary Fund (IMF).
BCR’s President, Julio Velarde, said the Peruvian economy will be driven by fishing, mining, construction and manufacture sectors.
The fishing sector will grow by 17.2%, which will offset the -25.3% recorded last year.
Another sector that will see significant growth is mining (6.3%) followed by construction (5.7%), manufacture (5.4%) and commerce (4.9%).
In this sense, Velarde predicts private investment will rise by 3% this year, whereas public investment will post a 12% jump after the negative rates of 2014.
It should be noted exports will hit US$ 36.1 billion and imports will total US$38.9 billion.
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Published: 1/23/2015