During 4Q18, the Peruvian Gross Domestic Product registered a 4.83% year-over-year growth, accelerating by 2.56 p.p. with respect to the rate corresponding to the previous quarter. This behavior was mainly due to the performance of internal demand, which accelerated 0.81 p.p. compared to 3Q18, to a rate of 3.79%. In the labor market, the unemployment rate decreased 0.11 p.p. compared to 3Q18, reaching 6.09%. The year-over-year growth rate of employment creation in Peru stood at 1.61%, after accelerating by 1.20 p.p. from the previous quarter. The Peruvian Sol depreciated against the U.S. dollar in comparison with 3Q18, up to an exchange rate of 3.37 S/./$. The inflation rate increased in 4Q18 to 2.07%.
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