Private investment would grow slightly by 2022, according to Julio Velarde

Julio Velarde, president of the Central Reserve Bank of Peru (BCRP)He pointed out this Tuesday that business expectations have improved, therefore, private investment would grow “slightly” by 2022.

“When we review the investment for next year, maybe instead of 0%, which was our projection, it would end up growing and be slightly positive, as expectations have improved, but this is an inertia that comes from growth that would not only benefit us this year, but could also affect the first and second quarters of 2022 ″, he explained at CADE Executives.

Although, he emphasized that the recovery of investments would occur as long as political decisions are made that ensure investors economic and legal stability. Otherwise, private investment will eventually decline.

Velarde stressed that the last mandates lacked a vision “that allows having a growth strategy and attacking vulnerable sectors, seeing what elements can consolidate growth and satisfy the population that is demanding better services.”