Economy and Finance Minister Carlos Oliva on Tuesday highlighted Peru's sustained fiscal soundness.
"Apart from taking some blows, Peru stands firm unlike other emerging economies that weren't as solid as the Peruvian economy," the official expressed while leaving Congress facilities.
Within this framework, he affirmed the Inca country's fiscal
soundness will protect it from the external shocks without much trouble.
Likewise, Deputy Economy Minister Hugo Perea reaffirmed Peru's economic activity will be underpinned by the strength of domestic demand, due to both bigger fiscal boost and
private investment recovery.
Concerning
private investment, Perea estimates it will expand 5.2% this year, thanks to
mining investment —with
growth projected at 19.4%— and non-mining investment, which is expected to post a 2.7% gain, the highest rate in five years.
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