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29 Aug 2018, Radoslav Yordanov, EMIS Editor

Peru’s GDP rises 5.4% y/y in Q2

Peru’s Gross Domestic Product (GDP) grew by 5.4% year-on-year during the second quarter of 2018, M-Brain News Monitoring reported citing figures released by the local central bank (BCRP).

The expansion of the local economy in Q2 was mainly driven by domestic consumption which increased 6.3% y/y, which is its highest result in 18 quarters. Private investments also jumped 8.5% y/y, recording its highest increase since Q2 of 2013.

Moreover, country’s trade surplus reached USD 2.035bn during the analyzed quarter underpinned by exports which soared 19% y/y, M-Brain informed in other article.

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