President Vizcarra: Peru leads economic growth in the region

President Vizcarra: Peru leads economic growth in the region

Peruvian economy leads regional growth —as a result of Executive’s efforts— boosting public investment among other things, President Martin Vizcarra said on Wednesday.

According to the Head of State, this activity is reflected in transfers to regional and municipal governments worth about S/10 billion (about US$3.05 billion).

These budget transfers result in the implementation of projects and employment opportunities.

“Accordingly, this improves the living standards of all groups. Such public activity also builds confidence and attracts private activity with recently included major investments,” the President pointed out.

A case in point —he said— is the opening of the Marcona wind power plant and the fact that private investments continue to be made in energy, mining, industry, and agriculture sectors, among others.

On the other hand, there is satisfactory news for the Andean country like the 2018 first-half economic results, as growth reached nearly 4%, surpassing projections and 2017 figures (2.5%).

Peru’s top official noted this is highly remarkable because GDP expanded 7.81% and 6.43% in April and May, respectively, with the implementation of a clear economic policy.