Photo: inPERU/Talisman Brolin
Peruvian economy is expected to expand between 6.5 and 7 percent in the first quarter of 2013, Peru's Minister of Economy and Finance, Luis Miguel Castilla said after attending inPERU Road Show USA 2013 at the New York Stock Exchange (NYSE) on Monday, Jan 28.
"It's too soon, it has been a month, but if we use the demand for cement, electricity and especially imports of capital goods as economic indicators for the first quarter, we see a high growth rate for the first months of the year," Castilla said.
However, he noted that this projection could vary depending on climatic factors.
"This is the projection that we are maintaining, and it is in line with what could happen during the rest of the year," he told Andina news agency.
Castilla said that the economic growth will continue to be driven by domestic demand and imports of consumer goods.
Source: Andina Agencia Peruana de Noticias
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