LIMA: Between 2016 and 2018, Peru’s GDP will grow around 5.5% thanks to higher investment to be carried out in infrastructure and an increased mining production, Peru’s Finance Ministry affirmed.
According to the “Multiannual Macroeconomic Framework 2016-2018,” which was published today, it is essential to continue promoting the structural reform implementation, in order to increase productivity and competitiveness levels. The move aims at maintaining a growth rhythm around 5% in the medium-term.
In this sense, there are main ideas required to underpin growth such as: Strengthening human capital, easing procedures, reducing cost overruns and boosting infrastructure.
“Given the unfavorable international context, which limits economic growth, and by benefitting from the fiscal space created throughout the previous years, the fiscal policy has implemented a growing bias for 2015. Starting 2016, fiscal leverage will be gradually reduced by implementing measures to neutralize the impact this could have on the economic recovery led by the private sector,” it stated.
