Non-Mining Private Investment Would Grow In 2018 At Its Highest Rate In 5 Years

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The Ministry of Economy and Finance (MEF) reaffirmed that the economic activity in Peru will grow close to 4% in 2018, driven by the strengthening of domestic demand, both due to the greater fiscal impulse and the recovery of private investment.

The Vice Minister of Economy, Hugo Perea, indicated that private investment would grow 5.2% this year, thanks not only to mining investment -which will grow by 19.4%- but also by non-mining investment that would achieve an advance of 2.7%, according to information from Gestión.

This “will be the highest rate in five years, and then accelerate its growth rate to 6.2% between 2019 and 2022”, the media wrote.

The Vice Minister added that non-mining private investment includes projects in infrastructure, hydrocarbons, retail, and real estate.

“The good dynamism of economic activity in the first half of 2018 ensures the growth of 4% for the current year, which will allow Peru to continue leading compared to the rest of the countries in the region,” he said in the III Forum “Dialogues for Development 2018″, organized by Confiep.

(Source)
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Ermelinda is a journalist from Caracas, Venezuela. She has a Master’s degree in Digital Journalism and has recently finished a technical degree in Veterinary Assistance because of her love for animals. She likes to do sports, but especially ballet, which she has practiced for more than 17 years. Her passion is to read, write, and blog about different topics, as well as travel whenever she can.