The owner of the Ministry of Economy and FinanceLuis Arista Arbildo, said that the projection of the country’s economic growth for 2025 should be a little more than 3%, after highlighting that 2024 was very good for the Peruvian economy.
At a conference of the first Council of Ministers of 2025, at the Government Palace, Arista pointed out that “for 2025 in general terms we expect growth a little more than 3 (percent), but as we are at the beginning of the second business day of the year, What I would say is our projections in liabilities are around three.”
“But we have to work more, we have to organize ourselves because the growth of three is not enough for us,” he added.
He said that according to the Minister of Labor, the country will have a demand, from employers, for nearly 470,000 jobs.
“But we have much more, with that we are reducing the level of unemployment, but let’s not forget that approximately 350,000 new young people enter the Peruvian labor market every year,” he said.
Likewise, he said that if migration from other countries to Peru and latent unemployment are added to this labor demand, then more growth is needed to generate more work, more employment, more quality, more remuneration and greater well-being for the population.
“So, our 3 percent (economic) growth is not enough. We urgently need to grow at rates that are between 5, 6 or 7 percent and for that, what do we need? We need to attract private investment,” said Minister Arista.
He pointed out that of the total investment made in the country, 80% is private and only 20% is public, which is why it is important to attract private capital.
“And how do we attract private investment? We attract private investment when we show them the solid macroeconomic pillars that the country has, when we show them a serious economy that does not change its regulatory framework, its regulatory framework, when we demonstrate that there is institutionality, when we respect the agreements, the treaties, the commitments it has. the country,” he explained.
“When we show the investor that we are a serious country, that we do not establish interest rate controls or we do not establish exchange controls or we do not establish restrictions for the repatriation of resources, when we sign free trade agreements with the largest number of countries possible, now We are incorporating, for example, India, Indonesia, the Philippines,” he added.
“When we sign treaties to avoid double taxation, we have two or three ready, one is with France, another is with the United Kingdom and the other is with China that must be signed in 2025, that is what allows us to attract private investment now. “We are committed to that,” he stressed.
Likewise, he expects total investment in the country to grow at a rate of 4.7 percent and “hopefully we will reach a higher rate, close to 7 percent.”
“This year is a difficult year, it is complicated, it is a year where there is going to be a lot of political noise, but we must not neglect the economic part and what is our responsibility, we are going to try to work on these issues with the greatest seriousness,” said.
“Above all, always thinking that what the investor is looking for is stability, and that is what we want to offer the world,” he expressed.
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