Peru's Economy Maintaining Its Strength Despite The Complex Global Situation

Supported by the commodities sector, Peru´s economy maintains macroeconomic strengths relative to other nations in Latin America. The mining sector in particular - which has significant presence in the country – had a great impact on the local economy.

Even though the Peruvian economy grew 2.5% in May, in comparison with April's growth of 4.25%, Peru remains among the countries that will show better performance in the region this year. The local administration has expressed commitment with continuing deepening reforms aimed at ensuring productivity and consolidating poverty reduction. 

Alonso Segura, head of the Ministry of Economy and Finance (MEF), said that while facing a complex international environment, Peru's economy ranks above countries such as Chile, Colombia and Mexico.