After dragging on for 2 consecutive negative years, Minister Alex Contreras predicts a favorable result for the main engine of economic growth.
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Alex Contreras, Minister of Economy and Finance, announced that private investment will finally close positively in 2024, considering that in the last 2 years it suffered losses. He foresees a rate of 2% for this item, which covers 80% of the total investment in the country.
“Private investment has been recovering over the course of 2023. In the first quarter of the year, Private investment fell at a double-digit rate, close to 12%, but this fall has been recovering”, he mentioned on TV Perú.
Likewise, it projects a 6% increase in public investment, thus completing 4 consecutive years of prosperity.
“This growth in public investment would compensate for the gap in private investment,” he said.
It should be added that private investment has been deteriorated by business pessimism, in accordance with the expectations collected by the BCRP.
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Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
