After the 11.1% fall of the Peruvian economy during the first year of the pandemic, the 2001 Nobel Prize in Economics, Michael Spence, considers that the recovery projections are optimal.
“The downward trend could perhaps have been flatter – compared to the sharpened contraction in Peru compared to other neighboring countries – but we see that the growth project for next year is quite respectable (sic) 5 to 6% in view of the situation we are in. It is a fairly quick recovery, “he said in the framework of the XXXII Annual Research Seminar 2021 organized by the Consortium for Economic and Social Research (CIES).
On the other hand, the academic recalled that, according to the Global Business Monitor (GEM), Peru still maintains its good reputation as one of the most entrepreneurial countries in the world, to the point of being ninth among 60 economies.
“This sustained rate, that is, the number of companies that have survived is relatively high,” he summarized.
Finally, Spence stressed that in terms of wealth distribution – the GINI index – the gap has been narrowing in the last 20 years “which is good in terms of inclusive growth”, as a symptom of improvements in social polarization and governance problems . “It’s not that they don’t exist but the trend seems to be in the right direction,” he said.
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Kingston is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
