Peru optimistic about economic recovery in second half of 2020

13:55 | Lima, Jul. 2.

Economy and Finance Minister Maria Antonieta Alva on Thursday affirmed that the recovery of Peru's economic activity will start in the second half of this year, adding that the support of regional and local governments, as well as private investment, will be important to that end.

"I am confident that the recovery will take place in the second half of the year. Obviously, the epidemiological variables shall always be monitored, and I think next year will be key to implementing infrastructure and competitiveness plans at once," Alva said in remarks to RPP radio and TV station.

"Now that the economic recovery has begun, we see a gradual recovery in electricity production indicators," she expressed.

The government official stated that the economic results achieved in April and May were totally predictable because the economy was halted as a result of the quarantine implemented to curve the spread of COVID-19.

"We believe that things have been done correctly. However, the measures we take are always under evaluation and may be perfectible. We are very optimistic about this second semester," Alva pointed out.

"It is very important that regional and local governments help achieve these ambitious goals regarding the execution of public investment," she added.

The Cabinet member noted that the Government is in constant communication with the private sector and has established an agenda with the principal business guilds.

"It is time for collaborative work and collective responsibility, because we need to be disciplined and move forward together," she concluded.


Published: 7/2/2020
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