Private and mining investment will be the engine of growth next year, in addition to the growth of domestic demand by 4%, Peru Retail informed on their website.
“The growth of the economy is projected to be slightly below the 3.9% expected for this year. As indicated by Semana Economía in their article ‘Peruvian economy: internal acceleration’, the main cause of the rise in GDP will be domestic demand, made up of consumption, investment and public spending”, the aforementioned media said.
This year, the domestic demand grew 4.3% after two years of it growing below 1.5%. This creates expectations for 2019 of growth above 4%.
“In this sense, Pablo Nano, deputy manager of economic studies at Scotiabank, mentioned that the economy will accelerate as the sectors linked to domestic demand consolidate. Therefore, it foresees a greater growth in the second semester than in the first”, according to Perú Retail.
Some of the projects that will bring dynamism in 2019 are the expansion of Jorge Chávez Airport, the ports of Salaverry, Pisco and Chancay and Line 2 of the Lima Metro.
On the other hand, the manufacturing sector grew 4.6% in 2018 after three years of contraction. According to FocusEconomics, next year it is expected to grow 3.1% in line with the expansion of consumption.
(Source)
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