September 16, 2021. Lima, Peru.- This year, private investment would be around US $ 41,700, which will imply a growth of 21.1% compared to that registered in 2020, projected the president of the Central Reserve Bank (BCR), Julio Velarde.
He explained that only 11.9% of this flow of capital belongs to the execution of mining plans.
"Of this amount, US $ 5,000 million corresponds to mining investment and US $ 36,700 million to the development of other projects," he said during his presentation at the Budget Commission of the Congress of the Republic.
According to Scotiabank, private capital last year would have reached US $ 34,459 million.
For next year, the issuing entity considers that these investments would report a slight growth.
“This is explained in the negative expectations observed in the surveys. Hopefully, it can be overcome with the transmission of more confidence”, he commented.
Therefore, he foresees that in 2022 private investment will reach US $ 42,000 million. "It would be a very slight growth since it is always necessary to invest to maintain operations."
On the other hand, Velarde announced that the BCR will revise its growth projections for the gross domestic product (GDP) for this year, due to the better performance of various productive activities.
“We will correct our projection upwards by the results observed in July and by the leading indicators of the productive activity for August and September. This information will be presented in the inflation report”, he detailed.
In the document presented in June of this year, it was projected that the economy would report an expansion of 10.7% by 2021.
He explained that this upward revision also considers the rapid recovery of some sectors such as manufacturing and construction.
“The growth was higher than we expected in recent months. The new projection will be known this Friday, the day on which the inflation report will be presented”, he commented.
Velarde highlighted that the GDP is recovering significantly after registering in 2020 one of the most severe falls due to the confinement that was arranged to face the covid-19 pandemic.
“It is observed that the economic recovery continues strongly. The production of July of this year exceeds that reported in the same period of 2019,” he said.
“We are in a sea of negative expectations. But the growth rate can accelerate in 2022 if the expectations of the economic agents recover”, he said during his presentation.
Source: El Peruano