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The Peruvian economy shows clearer signs of recovery this year and between May and June it would have risen by almost 6%, its highest rate of the last 18 months according to the Banco of Credito del Peru (BCP)
The Department of Economic Research of the BCP details that in May the activity increased by 6.4%, and as in April, it again exceeded the consensus of analysts. Meanwhile, a series of leading indicators predict that June would maintain this positive pace.
The recovery of investments in mines and infrastructure helped sustain GDP growth this year. While Peru's classification to the world has helped boost consumer drivers in the country.
This best economic performance has, according to the bank, shown that in the first six months of the year the income recorded an increase of 18% mainly due to the increase in tax revenues (23%).
"This trend of revenue recovery is explained by the recovery in economic activity, also related to the increase in terms of trade (in the second quarter of 2018 would have accumulated 8 quarters in positive), "says the BCP.
The expectations of the government and the main market players are that the Peruvian economy is maintaining this growth and that it is growing by 4% this year despite the complicated political situation function (d, s, id) {
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