The INEI, the Peruvian statistics agency, has just published data for growth in 2016. The economy grew by 3.9%, slightly more than in 2015. The main reason for this relative buoyancy is attributable, almost entirely, to the huge expansion of volumes of minerals (mainly copper) from Las Bambas and Toromocho. http://larepublica.pe/impresa/economia/848899-la-economia-del-peru-crecio-39-el-2016-pero-aun-es-bajo

The mining sector as a whole grew by 21%, but the expansion of copper output was nearly twice that. Meanwhile sectors like manufacturing and construction saw output contract, reflecting the slowdown in domestic demand. Unlike mining (which is highly capital intensive) these are sectors which generate employment.

The government has already scaled back its expectations for growth in 2017, but its forecasts are still widely regarded as over-optimistic. The scale of recent flooding, the suspension of important investment projects because of the Odebrecht scandal, and the slowdown in mining investment since 2014 are all likely to lead to lower growth this year.