The Central Reserve Bank of Peru on Friday slightly raised its economic growth forecast for the Andean nation this year to 3.1 percent, compared to 3.0 percent previously, Reuters reported.
The monetary authority’s chief, Julio Velarde, said in a presentation that growth would come from the primary sector, particularly in fishing.
Peru’s central bank hiked its estimate for public investment this year, forecasting annual growth of 12 percent compared to a previous estimate of 4 percent.
The mining sector in Peru, one of the world’s largest copper producers, will likely grow less than expected, the central bank said, estimating an increase of 6.4 percent instead of 7.8 percent.
It also held its estimate for gross domestic product growth in 2025 at 3.0 percent.