Home / Knowledge / News / GDP growth to surpass estimations - FM
GDP growth to surpass estimations - FM
23
Aug '08
During a press conference held this week, Finance Minister Luis Valdivieso announced that gross domestic product (GDP) of Peru will record an increase of almost 9 percent in 2008.

Thus, the GDP is projected to surpass all recent estimations. Experts had predicted a growth of around 8-8.5 percent.

Statistics show that Peru posted a growth of nearly 9 percent in 2007, as well. It has been noted that the country has experience impressive development in past few years, especially due to macroeconomic stability, improved terms of trade, and rising investment and consumption.

Mr Valdivieso said that the consumer price index (CPI) is expected to end the year at around 5.7-5.8 percent.

Fiscal surplus will be more than 2 percent of GDP.

Peru's main exports include gold and textiles, among others. Its major trade partners in past years have been the US, China, Brazil, and Chile.

The Minister also assured that the Central Reserve Bank of Peru will try its best to keep inflation in the range of 1.0-3.0 percent. However, the inflation is bound to touch 3.5 percent in 2009.

Must ReadView All

Apparel/Garments | On 24th Apr 2017

ColDesi launches latest direct to garment printer

ColDesi, a pioneer in the direct to garment printer business, has...

Textiles | On 24th Apr 2017

US’ textile manufacturers applaud Buy American order

US' National Council of Textile Organisations has favoured President...

Courtesy: Under Armour

Apparel/Garments | On 24th Apr 2017

Wichita varsity names Under Armour as official outfitter

Beginning from July 1, 2017, marketer of performance footwear,...

Interviews View All

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search