# Peru economy rebounding on US$70bn infrastructure, mining drive - BNamericas

> Peru's finance minister told congress that public and private investment both grew in the third quarter for the first time in four years. The 2018 budget plans public spending growth of 17.5% in real terms and a US$70bn infrastructure and mining investment pipeline. The economy is forecast to expand 2.8% in 2017 and 4% in 2018.

- Date: 2017-11-29 · published 2017-11-29T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/68248-peru-economy-rebounding-on-us-70bn-infrastructure-mining-drive-bnamericas
- Commodities: [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

Higher government spending and mining investment support Peruvian economic activity and domestic demand, with limited direct effect on feed grain or meal prices.

## Sources

- bnamericas.com: https://www.bnamericas.com/en/news/peru-economy-rebounding-on-us70bn-infrastructure-mining-drive

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.