IMF reaffirms: Peru to expand by 3.8% in 2015

The International Monetary Fund (IMF) reaffirms its projection with regard to Peru's GDP growth for the current year: 3.8%; the rate aligns itself with the Central Reserve Bank (BCR) estimates, the International Monetary Fund (IMF) Mission Chief for Peru Ana Corbacho affirmed.

According to the IMF, the announcement about Peruvian GDP recovery for this year is correct. Likewise, there are favorable perspectives on growth rate for 2015, she noted.

"This year, we estimate a 3.8% growth for Peru; a rate, aligned itself with the recent forecast published by the Central Reserve Bank (BCR), which estimated an expansion of 3.9%," Corbacho told Andina news agency.

The IMF official "glimpses" a recovery in the medium term, since the external risks could be tackled due to Peru's international reserves.

"[…] also thanks to the policy frameworks, which allow authorities to handle any eventual risks," she added.

Peruvian Economy

It should be noted the National Institute of Statistics and Informatics (INEI) announced the Peruvian economy grew by 4.25% in April, driven by mining, fishing and manufacturing sectors.

From January to date, accumulated GDP growth averages 2.39%. It must be noted, in the last 12 months the economy expanded by 1.74%.