Peruvian economy has entered a recovery phase characterized by the implementation of a countercyclical policy, the dissipation of adverse shocks and a favorable international context, the Economy and Finance Ministry pointed out.
According to MMM, the recovery path for national economy will comprise three phases:
First recovery phase will take place in the second half of 2017.
In this sense, efforts will allow national economy to grow 3.2% in the second half of 2017. As is known, it expanded 2.3% in the first one.
The second phase is scheduled for 2018.
This section is expected to accelerate public investment
(17.5%), due to the reconstruction of areas devastated by Coastal El Niño
(1.2% of GDP), and the construction works for the Pan American Games (0.3% of GDP).
Likewise, private investment
is expected to grow 3.5% in 2018, after four years of contraction.
The third phase will arrive in 2019-2021
Lastly, this section will contribute to consolidating Peruvian economy's growth.
In order to underpin a potential growth above 4%, the current administration's competitiveness agenda will be crucial.
Said agenda prioritizes axes
Administrative Simplification, Bicentennial Infrastructure Plan, Strengthening of Labor Competitiveness, and Sectoral Development.
As is known, last week credit rating agency Moody's Investors Service affirmed Peru's A3
rating while maintaining its stable outlook.