Following the recession that followed her first year in office, the president says that “our capacity for growth” will be recovered. The MEF itself has acknowledged that we need up to 6% annually to reduce poverty.
As part of her message for July 28, the president Dina Boluarte He assured that the GDP will grow by more than 3.1% this year – the Minister of Economy and Finance, José Arista, had already made this statement days ago.
“The conditions that make this growth possible will continue throughout the year,” Boluarte read, referring to the 5.3% GDP growth during April.
He acknowledged that after the recession of 2023 – his first year in office brought the worst result in more than three decades, not counting the pandemic – the Peruvian economy “is recovering its growth, exceeding all expectations and forecasts,” which reflects its resilience.
Boluarte promised to “recover our capacity for growth.” It is worth noting that Arista himself has recognized that annual GDP growth rates of 5% or 6% are required to reduce poverty, which currently affects a third of Peruvians.
Source: Larepublica
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