The national GDP would grow by 2.6% during 2022, a moderate figure compared to the potential development of the country, which is approximately 5%, says Bruno Ghio, president of the CFA Society Peru (Peruvian Association of Investment Professionals).
In this sense, Ghio points out that, during this year, the fiscal deficit will remain at 2.6% of GDP, mainly due “to a better collection of taxes from the export sector”, while the external debt will remain close to 43% of GDP. GDP.
According to the CFA specialist, the problem of Peru’s economic figures comes from the side of the little expected growth in the economy Y not because of the quality of the macroeconomic figures, which continue to be “in relative terms, quite acceptable compared to other countries”.
“A significant drop in private investment is still expected, although less than the 7% that had been projected,” says Ghio.
However, he adds that the loss of strength of some of the Executive’s proposals, such as a constituent assembly, helps “private investment contract less.”
In the international context, the president of the Investors Association indicates that an important factor to take into account in the coming months is a potential rise in interest rates in the United States. “This rise could motivate Peru to finance itself abroad at higher rates, increasing the cost of servicing the debt,” he mentions.
Finally, he highlights that for the medium term “there is concern that at some point the prices of copper and other minerals will drop, which could cause the fiscal deficit to skyrocket.”
Source: Larepublica
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