The Peruvian economy would grow around 2% in the first quarter of this year, according to the Economic Studies Area of the Banco de Credito del Peru (BCP).
Among the reasons for reaching this figure, the financial entity warned that, in January of this year, the volume of non-traditional exports grew 8%, the public investment of the general government decreased by 3.3% and the internal consumption of cement fell 3 .6%.
Another factor, the Weekly Consumption Index, which includes transactions through credit and debit cards, reveals that as well as indicators of vehicular congestion, chicken sales, food consumption, use of delivery applications, among others, adjusted by inflation registered an advance in seasonally adjusted terms, after presenting a deceleration in January.
Finally, the BCP maintains its projection of 2.5% for the Gross Domestic Product (GDP) in 2022 and pointed out that private investment will contract, private consumption will grow around 3% and exports by 7%, due to the full operation of projects Minas Justa copper mine and the expansion of Toromocho, as well as the start of Quellaveco.
Peruvian economy grew 13.31% during 2021
This Tuesday, the National Institute of Statistics and Informatics (INEI) detailed that national production increased by 13.31% throughout 2021, while only in December, it rose by 1.72%.
The annual result is explained by the greater contribution of manufacturing (17.73%), construction (34.66%), commerce (17.82%), other services (8.90%), mining (7.45%) , transport and storage (17.68%) and lodging and restaurants (43.33%).
Source: Larepublica
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