Following the strong GDP results in April and May, the Minister of Economy, José Arista, is confident that the expected rate will be exceeded. Recently, they acknowledged that it would be 3.2%.
The Minister of Economy and Finance, José Arista, assured this Wednesday, July 17, that the Peruvian GDP will exceed the 3.1% rate estimated by his portfolio for 2024.
“We agree with the Central Reserve Bank, but, particularly internally, we are confident that this growth will be a few points higher,” mentioned TV Peru.
A few days ago, at the InPeru event, the head of the MEF acknowledged that the estimated rate would be 3.2% —that is, an additional ten basis points— but now he is aiming for an increase of more than 3%.
Arista argued that the 5.04% year-on-year GDP growth in May is the second highest in the last three years and was not expected by private economic agents.
“In May, I was pleasantly surprised by the growth in all sectors, except for the financial sector, which fell.”the official noted; however, as La República pointed out, according to economist Juan Carlos Odar, without fishing the rate of change would have been only 2.56%.
According to Odar, the rebound is also concentrated in the agricultural and construction sectors – which fell 6.18% and 11.04% last year, respectively – but we do not see a genuine recovery of the economy since employment is not picking up and business expectations are not improving.
Source: Larepublica
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