The Central Reserve Bank of Peru recently announced that Peru´s economy will grow 4% this year and is expected to grow 4.5% next year. This will make Peru the country with the fastest growing economy in all of South America.
The Governor of the Central Reserve Bank of Peru, Julio Velarde, asserted that growth is predicted to continue even in 2018 at a rate of 4.2%.
He says of his country´s growth: ´´Peru´s economy will be the fastest-growing of all South American nation in 2016 (4%) and 2017 (4.5%), underpinned by private investment, which is set to recover and expand 5% next year.´´
Velarde has pointed Peru´s growth in 2016 to mining, which also propelled Peru´s economic growth last year.
He states that growth will continue in 2017 at such a high rate due to several instigations from the government.