Will Peru’s Economy Be Better In 2019?

Alfredo Ferrero from Perú 21 analyzed if Peru’s economy will improve this year since 2018 registered 3.9% in growth.

“We represent 0.3% of the world’s Gross Domestic Product (GDP) and we are depending on the global environment”, he wrote. “We are a country exposed to the prices of gold, copper, silver, zinc, and we are sensitive to local and international politics”, he continued.

However, in order to keep on growing economically, the country needs to end political corruption and focus on competitiveness, Ferraro believes.

“In 2018, 20 years of growth were achieved; we export $47,709 million US dollars vs. $7,000 million in 2000”, he said.

In general, it is believed that this year there will be growth similar to that of 2018 but with much less political turbulence and a more stable global environment. It is even possible, said Ferrero, that Peru could surpass 4%.

(Source)

(Cover Photo Archive)

Don’t Miss: