Peru's fishery exports for direct human consumption will total US$1.5 billion in 2018 due to better oceanographic conditions, National Society of Industries (SNI) projected Monday.
Most mining exploration activities in Peru are profitable despite the drop in copper price, thus the current trade war between the United States and China would not affect mining investment expectations in the Inca country, Central Reserve Bank (BCR) informed.
Peruvian economic activity gained notable steam in March 2018, increasing 3.93% year-on-year, much faster than the 2.9% annual growth rate observed last February, the latest FocusEconomics' LatinFocus Consensus Forecast report highlights.
Peru's terms of trade saw an average 9.2% increase last April from the same period in 2017, marking 22 months of sustained growth, Central Reserve Bank (BCR) informed Wednesday.
At its May monetary policy meeting, Central Bank of Peru (BCR) decided to keep the policy interest rate unchanged at 2.75%, the latest FocusEconomics' Consensus Forecast Latin Focus May report recalled.
Peru is the first Latin American country to host the World Potato Congress, whose 10th edition will take place in southern Cusco City on May 27-31, 2018.
Peruvian mining activity made up nearly 10% of national GDP and close to 62% of total exports value, thus becoming the Inca country's most important source of foreign currency in 2017, the Energy and Mines Ministry (MEM) reported.
A total of 47.1% of Peruvian mining projects - estimated at US $ 27,562 billion - are concentrated in the regions of Cajamarca and Apurimac
Economy and Finance Minister David Tuesta projected mining investment will total US$15 billion in the next three years, which will positively impact on the country's economic performance.
Peruvian economy will expand 3.7% this year and is expected to increase by 4% in 2019, according to the April 2018 World Economic Outlook released by the International Monetary Fund (IMF) on Tuesday.