Back

LatinNews Regional Monitor: Andean Group - 20 June 2019

In brief: Peru

* Peru’s Economy Minister Carlos Oliva has announced that the government has adjusted its projections for national GDP growth this year from 4.2% to 3.7%. The downward revision comes after the government initially predicted a growth rate to 4.2% based on recovery in mining investment and infrastructure construction, however, Minister Oliva explained that growth has slowed due to a lack of copper production in the Las Bambas mine in the Apurímac region and lowered fishing rates across the country. In response, the minister announced that the ministry is evaluating a measure which would deliver 60 projects for US$27bn to reactivate the domestic economy, including the construction of energy infrastructure, roads, airports, and facilities for agricultural use.

End of preview - This article contains approximately 119 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.