BCR: Peru GDP growth expected to improve each quarter in 2015

Peruvian economy’s growth in the third quarter of the year will be much better than that of the first two, and the gross domestic product (GDP) will end 2015 up nearly 4%, as was envisaged, Central Reserve Bank of Peru (BCR) President Julio Velarde informed.


After launching the new 1 Sol coin, Velarde said May growth rate has not been calculated yet and that information on June is too meager to make a forecast.


“I think the third quarter will be better than the second, the second better than the first, and the fourth better than the third. We hope to see an expansion slightly below 4%,” he projected.


Velarde specified there are three pillars to promote growth this year: primary sectors, infrastructure public investment and mining.


“As for public investment, it is expected to post stronger results in the second half, as is the case of the investment made in concessions, for instance; and we believe power investment will grow more than 10% this year,” he added.


He also said private investment in non-electrical infrastructure is expected to witness a double-digit growth.