LIMA Dec 26 Peru's economy will grow by 5
percent next year instead of 4.8 percent as previously forecast
by the government, President Pedro Pablo Kuczynski said in an
interview with a local newspaper published on Monday.
"I don't believe in those forecasts that say we're going to
grow 4.2 percent or 4.4 percent" next year, Kuczynski was quoted
saying in financial daily Gestion. "There'll be a reactivation
of private investment here."
The central bank revised its 2017 growth forecast down to
4.3 percent from 4.5 percent last week as it trimmed its outlook
for private spending in Peru, a global minerals exporter.
The economy grew by a weaker-than-expected 2.12 percent in
October, compared with the year-earlier month, dragged down by a
drop in government infrastructure spending that prompted a steep
contraction in construction.
The president told Gestion that his government would help
boost construction by building 40,000 homes for low-income
households with the private sector.
Kuczynski's office did not immediately respond to requests
to confirm the accuracy of the quotes.
(Reporting By Mitra Taj Editing by W Simon)