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IMF: Peru economy to grow 3.7% in 2018

Staff Writer |
Peruvian economy will expand 3.7% this year and is expected to increase by 4% in 2019, according to the April 2018 World Economic Outlook released by the International Monetary Fund (IMF).

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In this sense, the multilateral organization revised downwards its 2018 growth forecast for the Inca country from 4% (January) to 3.7% (April).

The IMF also projected the world's economy will rise 3.9% in 2018 and 2019, higher than last year's global growth (3.8%).

"The global economic upswing that began around mid-2016 has become broader and stronger," the report reads.

Likewise, the IMF estimated Latin America's economic recovery will continue strengthening, with growth for the region projected to increase from 1.3% (2017) to 2.0% (2018), and 2.8% (2019).

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