Peru Fin Min rules out any alarmist forecast

00:00 | Lima, Aug. 1.

Peru's Economy and Finance Minister Carlos Oliva has ruled out any alarmist forecast in the country due to the early general elections proposal introduced by President Martin Vizcarra's administration, as the current data indicates there will be improvements in June's economic performance.

The corresponding constitutional reform bill was submitted by the Executive Branch to Congress on Wednesday.

"We are carrying out a series of reforms for a greater economic growth that is not only high, but also sustainable," the high-ranking official expressed.

"We have a work plan that we are intensifying. We already have a Competitiveness and Infrastructure Plan, as well as other measures we have submitted to Congress, too," he added.

In this sense, Oliva stated the cabinet is sure these reforms will see the light in the upcoming months, and the Inca country's citizens will realize the nation has resumed the path of growth.

No recession

Furthermore, he rejected any negative and pessimistic claims that have been expressed over the last few days.

"Some even talk about recession, which has been completely dismissed," the minister said.

Moreover, the official pointed out June's economic performance greatly overcame April's and May's slowdowns.

(END) JJN/DTK/MVB

Published: 8/1/2019

Peru Fin Min rules out any alarmist forecast

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