Inflation dropped significantly in June, and this trend is expected to continue in July, thus reaching 5.9% since the objective is to move closer to the inflation target by the end of 2023,
"The economy went through complex moments, such as Cyclone Yaku, social unrest, Coastal El Niño (phenomenon), and dengue fever. Despite all that, we observe that there will be a significant recovery in July," Contreras noted.
The Cabinet member forecast that a recovery process is coming in the third and fourth quarters of 2023.
In order to ensure that it remains in force, measures will be announced very soon, and President Dina Boluarte will probably do the same during her Address to the Nation on July 28, he said.
Likewise, the high-ranking official commented that the call for dialogue, consensus, and for continuing to work to move the country forward is essential.
"We believe that there is room to move forward, since Peru has an enormous possibility of repositioning itself internationally," Contreras stated.
"This administration will bet on growth, inclusion, closing gaps, and the major bet is on infrastructure," he emphasized in remarks to TVPeru Noticias.
"What is coming is the execution of important projects at the national level, which will boost the economy and help close gaps," he expressed.