Peru experiences slight economic growth
During the second quarter of 2018, GDP grew by 5.4%. In addition, there was an increase in domestic demand as well as public and private investment
The Peruvian economy experienced a slight rebound during the second quarter of 2018. GDP grew by 5.4%, the highest rate since 2017 in the domestic scenario of the South American country, according to a report by the National Institute of Statistics and Informatics (INEI).
According to a technical report on the Behavior of the Peruvian Economy, the factors that have contributed to this growth are the evolution of exports (7.8%) and the growth of the economies of the main international partners: the United States (2.8%) ), China (6.7%) and the Euro Zone in (2.1%).
Likewise, since the third quarter of 2017, gross public and private investment registered a marked growth. This has generated the revitalization of the Peruvian economy. Private investment has come out of a long recession of 30 years, which has had a positive impact.
The increase in public spending is marked by an increase in the purchase of food, services, perishable and non-perishable consumer goods. The purchase of machinery for various sectors of the domestic industry is added, as well as government spending in the areas of health, administration, defense and services.
Imports and exports also expanded, to inject dynamism into the domestic economy. These are strengths that keep Peru in a good position compared to the countries of the region and provide confidence to investors.
M.Pino
Source: El Comercio
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