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Peru: Public, private investment rebound to create more jobs

Centro Financiero San Isidro Javier Prado

Centro Financiero San Isidro Javier Prado

14:31 | Lima, Feb. 20.

The rebound in public and private investment will create more jobs in Peru, Lima Chamber of Commerce (CCL) President Mario Mongilardi said.

As is known, President Pedro Pablo Kuczynski —last Monday— pointed out public and private investments are picking up in the Inca country. 

"That's great news since public investment boosts projects, and these [projects] create more jobs, which is what Peru needs," Mongilardi underlined.

The official also stressed businesspeople have great expectations due to said rebound.   

"Private investment accounts for 80% of total investments [made] in the country, and its reactivation will be reflected in more jobs, with which we will reduce poverty."

Domestic demand 

According to the CCL head, 2018 sees greater dynamism in Peru's domestic demand.

"We observe a greater dynamism in consumption, mainly in businesses linked to the summer season, such as retail," Mongilardi noted in this sense.

Finally, the official said CCL estimates Peruvian economy might grow up to 3.9% in 2018.

(END) MDV/JJN/FGM/MVB


Published: 2/20/2018
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