Peru guarantees economic growth of at least 6% for upcoming years

Interoceanic Highway Brazil Peru

With the implementation of the economic stimulus plan and the search for greater competitiveness in the medium term, Peru guarantees an annual growth rate of at least six percent for the next years, Maximixe consulting firm said.

“If in the coming years, conditions are similar to the current ones, without tightening of financial conditions abroad and without adverse climate impacts, the economy could grow six percent annually over the five years," Jose Razuri analyst at Maximixe estimated.

Last Wednesday, the Executive approved the second package of measures that will prevent an economic slowdown in Peru in the coming months, in case of global uncertainty.

Economy and Finance Minister Luis Miguel Castilla said that the country has officially relaunched its competitiveness agenda and expects to grow at rates of six percent in the next years, with sustained increase in productivity.

He added that said relaunch of the competitiveness agenda seeks to achieve continuous growth in Gross Domestic Product (GDP).

In this regard, Razuri said that after the agreement made this week among the eurozone countries to overcome their fiscal debt crisis, the international outlook is friendlier for Peru, at least in the short term. (Andina)