The economic growth that Peru would register this year and of which the Executive Branch boasts so much has not been a cause for celebration for the President of the Central Reserve Bank (BCR), Julio Velardeas he said that a growth of 3% is “poor”.
“What we are having is poor growth, 3% is poor growth. It is better than the region because the region grows at poor rates, compared to the rest of the world”, he assured before the Congressional Economy Commission.
He highlighted that the progress of the country “is almost inertial” and that “prolonged strikes” against mining projects generated the downward change in the projection (3% is expected today), but they hope that this can be mitigated and in 2023 mining production will rise 8.9%.
In addition, he pointed out that “the best guarantee for growth is macro stability.” “That implies a framework in which the inflation be stable”said.
Velarde added that in 2023 there would be “certain delays” in public investment due to the entry of the new regional and local authorities, but he hopes that the Executive will take measures to mitigate the fall.
In the presentation, Congressman Carlos Anderson stated that beyond Quellaveco there are no investments in new mines, so he expressed his concern about what will be “planted and harvested post 2023″.
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Julio Velarde considered that “most” of the people who applied for the Reactiva credit “can meet their debt.”
He indicated that in other countries the price of food increases, but that in Peru “no victory should be claimed” because it grows at a level of 15.1%.
