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LatinNews Regional Monitor: Andean Group - 18 February 2019

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In brief: Peru

* Peru’s economy & finance minister (MEF) has announced that in 2018 Peru had one of the highest GDP growth rates in the region. The 4% growth exceeded the 3.9% expected by market consensus and achieved the goal set by the MEF’s multiannual macroeconomic framework 2019-2022. MEF head Carlos Oliva attributes the rise in GDP growth from 2.5% in 2017 to 4% in 2018 to an increase in internal demand due to greater fiscal impulse through the growth of public and private investment in the country. The MEF attributed GDP growth of 5.2% in November 2018, followed by 4.8% in December 2018, to the expansion of primary sectors (8.2%), particularly fishing (225.9%) and primary manufacturing (46.8%).