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BCR: Peru's economy may be boosted in 2H 2021 due to COVID-19 vaccine

Photo: Courtesy

Photo: Courtesy

15:02 | Lima, Jan. 15.

The Central Reserve Bank (BCR) on Friday said that the Peruvian economy would be boosted in the second half of this year, taking into account that COVID-19 vaccines will be administered in Peru, a scenario of political and economic stability will be maintained in the country, as will monetary and fiscal stimuli.

According to BCR Economic Studies Central Manager Adrian Armas, the 11.5% growth projection issued by the Central Bank for 2021 considers a first half with a rather modest recovery, under a scenario where monetary and fiscal stimuli are maintained, in addition to an environment of social and political stability, as well as the administration of vaccines.

"There would be a next boost to the economic activity in the second half," the official forecast.

"The recent measures (implemented by the Government) to face the increase of COVID-19 infections to date do not have a significant impact on the projections for the economic activity of the year. With the information currently available, the BCR maintains its growth forecasts at 11.5% for this year," he indicated.

Likewise, the official stressed that the data for November and December (2020) on the country's productive activity showed that Peru's economy is recovering.

"The indicators that we have observed in December suggest that there would be a smaller contraction in December compared to November. December's range of contraction could stand between -1% and -2%," he concluded.

(END) CNA/MVB

Publicado: 15/1/2021
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