The economic stimulus plan recently announced by the government will help Peru exceed its targeted 6 percent growth rate in 2009, while most of the world is facing recession, said Friday the Ministry of Transport and Communications (MTC) .
"Peru is expected to grow between five and six percent this year, however, after implementing these new measures, growth rate would exceed six percent," said the Minister of Transport and Communications, Enrique Cornejo.
Given the current economic situation, it is very important to improve projections of Peru’s economic growth, taking into account that the International Monetary Fund (IMF) reduced its 2009 forecast for global economic growth to 0.5 percent,
"This means that the European economies, Japan and the United States are declared in recession; however, we hope Peru will grow over six percent in the midst of this international crisis"
He pointed out that the launch of this Economic Stimulus Plan will encourage productive and social sectors to invest about 4,5 billion soles (over 1,4 billion dollars) in the first phase. (Andina)
"Peru is expected to grow between five and six percent this year, however, after implementing these new measures, growth rate would exceed six percent," said the Minister of Transport and Communications, Enrique Cornejo.
Given the current economic situation, it is very important to improve projections of Peru’s economic growth, taking into account that the International Monetary Fund (IMF) reduced its 2009 forecast for global economic growth to 0.5 percent,
"This means that the European economies, Japan and the United States are declared in recession; however, we hope Peru will grow over six percent in the midst of this international crisis"
He pointed out that the launch of this Economic Stimulus Plan will encourage productive and social sectors to invest about 4,5 billion soles (over 1,4 billion dollars) in the first phase. (Andina)
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