on Friday affirmed that a factor —relevant not only in Peru but also in the rest of the world— is the
The economist indicated that —at present time— the sectors most affected by the expansion of the pandemic have been commerce and services, which are labor intensive.
Likewise, Velarde said that the private savings rate (24%) registered in 2020 was the highest since at least 1970.
Velarde also commented that the stock markets of developed economies rose due to favorable corporate results, economic recovery, and the expansionary stance of main central banks.
"In the case of developed countries, there was optimism about the reopening of businesses and the progress of the vaccination process," he said.
The BCR governor presented the results of the Inflation Report: Current outlook and macroeconomic projections for 2021-2022.