BBVA Continental CEO Eduardo Torres-Llosa affirmed Peru is returning to growth path driven by enhanced global economic performance.
The officer said this situation will help stimulate employment, investment and credit demand in the Andean nation.
"[Economic] growth is reviving, and this will reactivate the virtuous circle for employment creation, investment and credit demand," he told Andina news agency.
This comes at a moment when the global economy improves. The situation is very important to Peru, as it is an open economy.
"Peru has emerged from a very strong shock and showed a notable resilience. It's clearly a new country and, very importantly, Peruvians are more willing to invest in their country, compared to the eighties and the nineties," he said.
Starting August this year, the
price of copper —Peru's top export product— exceeded US$3 per pound on the international market, leaving behind falls of up to US$1.94 in January 2016.
"We have to be optimistic about what's going to happen in Peru over the next years," Torres-Llosa said in past statements.
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Published: 11/27/2017