The private investmentwhich is an engine for economic growth, would fall 1.3% next year, as a consequence of the electoral campaign, according to estimates of the Peruvian Institute of Economics (IPE).
Martín Valencia, head of Economic Studies of the IPE, explained to Peru21 That by 2025 an advance of 3.6%is expected, although this would be mainly due to the results that would be given in the first semester.
In the first six months, the result would be mainly driven by the greatest business confidence and the prices of the metals that are expected to continue high as in 2024. To this is added the entry into mining projects such as Aunt María.
“This year’s progress would be slowed in the second half due to pre -election uncertainty, since it is not known who the candidates will be and what awaits investors,” he said.
Similarly, the IPE representative clarified that Peru is far from registering the growth levels it had in the period 2004 – 2013, when on average progress was made to two -digit rates.
“It is difficult to make two digits grow, but it is the type of rhythm we need if we want to reduce poverty to higher rates (in 2023 Poverty hit 29% of people and by 2024 it is estimated that it only went down at one point) “Martín Valencia said.
Pending task
The Chief of Economic Studies of the Ipe He affirmed that to boost private investment it is necessary that political uncertainty be reduced, and that large projects that are paralyzed are promoted.
“It also lacks coordination between state institutions so that projects leave faster,” he said and pointed out that it is necessary that state organizations can align to make work faster.
In addition, he considered it important that mining investments come forward, although he indicated that for that it is mainly “political will” and dialogue that drives the delay of these investments.
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