Latent instability hinders private investment, warns the international rating agency.
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Fitch Ratings recognizes that the Peruvian banking system has been resilient despite the political instability that entails it, although this constant slows down its recovery potential after a year of recession.
“Despite the rebound, the obstacle to private investment and consumption persists due to political and social unrest”said Andrés Márquez, Senior Director of Financial Institutions at Fitch Ratings.
Márquez recognizes that in the Peruvian financial market there is “some deterioration in the quality of assets” although “solid and stable results were obtained.”
It should be noted that for 2024 the MEF and BCRP project a rebound of 3%, while specialized fronts expect 2%. More numbers, less numbers, the projected variation will not be enough to reduce problems such as poverty, food insecurity and unemployment.
And, private investment – which drives the Peruvian economy since it covers 80% of total investments – after two consecutive years in the red, would rise 1.8% at the end of the current year.
Trained at the Jaime Bausate y Meza University. In constant learning. Economics is the branch of journalism closest to the people and my duty is to be a bridge to information.
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.
