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18/7/2018
Given the best indicators recorded by the country's productive activity, economic agents have modified their forecasts for the coming months.
The Peruvian Credit Bank (PCO) revised upward projection of gross domestic product (GDP) growth to 6% for the second quarter of this year from the previous level of 5%.
The economic studies field of this entity specifies that the recovery in economic activity would have been recorded by the increase in the terms of the exchange and that in the second quarter of 2018 would record advances for eight quarters.
He also points out that the recovery in economic activity promotes a positive trend in improving tax revenues.
"In May, economic activity grew by 6.4% and, as in April, it again exceeded the consensus of analysts (5.2% according to Reuters)," notes the BCP. 19659003] "Thus, in the second quarter of this year, GDP could record an increase close to 6% and would be a maximum level in 18 quarters," he adds.
In the case of the Central Reserve Bank (BCR), it has maintained its benchmark rate at 2.75% for July this year.
"After the falls recorded in recent weeks, the monetary authority is expecting that the copper is recovering because of the fundamentals, and that the impact on Peruvian exports is transitory, "stresses the BCP.
Dynamism
On the other hand, the head of the sector Scotiabank's actual economics economics study, Pablo Nano, predicted that the economy would grow by about 4% in the third quarter. I quarter of 2018, with He explained that this projection is based on moderation of growth in primary sectors.
These will benefit from specific factors in the second quarter of 2018, such as a larger anchovy quota and a weak base of comparison with the same period of 2017 due to the El Niño phenomenon [19659003] Reference
The issuing entity is expected to maintain its key rate at 2.75% and from the fourth quarter the discussion of the opportune moment begins to raise it in 2019. [19659015]
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