Peru will have the third highest economic growth among South American countries in 2015 due to increased mining production and measures adopted by its government, the Economic Commission for Latin America and the Caribbean (Eclac) revealed.
According to the Economic Survey of Latin America and the Caribbean 2015: Challenges in boosting the investment cycle to reinvigorate growth, presented this morning at a press conference in Chile, Eclac states that Peru will grow by 3.6%, up compared to the 2.4% of last year.
“GDP is expected to grow by 3.6% in 2015, driven by increases in mining output and, to a lesser extent, the expansion of public spending and the monetary stimulus created by lower interest rates and increased availability of credit,” reads the report