The president of the Central Reserve Bank (BCR), Julio Velardeannounced that the entity modified upwards its economic growth projection for 2024, moving it from 3.1% to 3.2%.
Velarde indicated that this change is mainly driven by the dynamism of the fishing sector, which is estimated to grow 25.3% in 2024.
“If we compare ourselves with the countries in the region, Brazil will surpass us (3.3%),” he said at a press conference and noted that “we are not bad compared to the other countries in the region.”
On the other hand, the BCR once again modified its fiscal deficit projection upwards, going from 3.3% of GDP to 3.7%, meaning that the fiscal rule that establishes a deficit of 2.8% of GDP for this year will not be met. anus. In this regard, the president of the BCR stated that a result like this “is not sustainable.”
Regarding private investment, Julio Velarde revealed that the entity he represents maintained its growth estimate at 2.3%. “Private investment is not being so positive basically because of the expected drop in residential investment,” he added.
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