Consumption Outlook. First half 2018

Summary

Private consumption surprised on the upside in early 2018. Growth will pick up to 2.6% in 2018, slowing to 2.1% in 2019. Incomes, housing wealth and credit will continue to show strength. The fiscal impulse included in the Peruvian annual budget for 2018 will offset the increase in oil prices and the implications of the current uncertainty.

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