Peru President: Economy to expand at higher rate in 2H 2019

17:48 | Huanuco (Huanuco region), Aug. 15.

President Martin Vizcarra on Thursday projected Peru's economic growth will pick up in the second half of 2019 and expand at a higher rate than the first one.

"Our economy has started to grow, and we are completely sure the second half's results will be superior and better than the economic results registered in the first half," the Head of State expressed.

In this sense, he recalled Economy and Finance Minister Carlos Oliva has explained the outcome of the first months were due to internal factors, but were mainly caused by the economic war between the United States and China.

Likewise, the top official addressed the stance of the National Confederation of Private Business Institutions (Confiep) and the Tia Maria mining project, indicating that demanding respect for the rule of law must not equal "moving a project forward with blood and fire."

He went on to add it is about respecting the rule of law, the constitution, and laws, as well as listening to regional, local authorities and the population.

Therefore, democracy will be consolidated, and the economy will be reinforced by boosting development projects with private investments which are supported by Peruvian citizens.

Furthermore, President Vizcarra affirmed his administration supports private investments, provided that they show social commitment and respect the environment.

Remarks were made during the 480th Spanish Foundation Anniversary of Huanuco City.

Presidente @MartinVizcarraC: Somos un gobierno que impulsa la ejecución de proyectos con responsabilidad social y respeto al medio ambiente. Apostamos por el diálogo y el entendimiento para resolver las justas demandas de la población e impulsar el crecimiento. pic.twitter.com/bUFDuAnd2f
— Presidencia Perú (@presidenciaperu) August 15, 2019

(END) RMCH/DTK/MVB

Published: 8/15/2019

Peru President: Economy to expand at higher rate in 2H 2019

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