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Fin Min raises Peru's 2021 GDP forecast to 13%

Photo: Presidency of the Council of Ministers (PCM)

Photo: Presidency of the Council of Ministers (PCM)

13:22 | Lima, Nov. 18.

Economy and Finance Minister Pedro Francke on Thursday estimated that Peru's GDP will grow 13% this year, thus raising the previous growth forecast of 10.5%.

"Well, the economic growth forecast for this year has been raised to 13%, which is a quite positive figure," he said.

"Recent data show that the economy is already showing positive growth —up 3% from before the pandemic— and has been increasing in an interesting way," Francke added.

The minister admitted that, because of the COVID-19 pandemic, the country is still lagging behind in some areas, such as the creation of jobs. However, the Government is adopting recovery measures to reverse this situation.

"The pandemic has left the country shaken. There is a deficit not only in health care services, but also in employment, which we are working to restore with different recovery measures," he affirmed.

The high-ranking official noted that his sector will continue to work with Congress in the coming days on the approval of the Public Sector Budget Bill for Fiscal Year 2022 and the request of legislative powers on tax matters.

"In the coming days, we will have to approve the 2022 budget at the Congress of the Republic, during this and next week," Francke stated.

"We are promoting the request of legislative powers to formulate a tax reform, which will be very important to consolidate private and public investment, as well as to have an important, strong, and sustainable growth path for the coming years," he added.

(END) CNA/JJN/RMB

Published: 11/18/2021
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