October 26, 2021. Lima, Peru.- Public investment would grow 20% this year and 4.5% in 2022, the president of the Central Reserve Bank (BCR), Julio Velarde, projected today.
"Public investment will grow 20% in 2021, and we expect that it will grow 4.5% next year," he stated during the 2021 Economic Forum: "Confidence for economic development: managing change" organized by the American Chamber of Commerce of Peru (Amcham).
Likewise, Julio Velarde highlighted the dynamism of the Peruvian economy last August, as it stood above the pre-pandemic level.
"In August, we were already above the levels of 2019. To a large extent the sharp fall has been recovered. We have had an extremely rapid recovery," he said.
"The Monetary Fund last week released a growth projection (2021) of 11% for Peru," he said.
The president of the BCR indicated that private investment will grow 24.5% in 2021, but a growth of 0% is expected for next year.
"Private investment this year is coming extremely strong, expanding 24.5%, with non-mining investment growing almost 26%," he indicated.
Regarding employment, Julio Velarde pointed out that the total number of formal jobs in August of this year is above that corresponding to August 2019.
"The data comes with a lot of force. We can see that we are already, in terms of formal jobs (public and private sectors), above pre-pandemic levels”, he commented.
"If we look at the private sector, we are only 0.9% below the level of August 2019. To a large extent the number of formal jobs has recovered, although it is very dispersed, because it has grown in construction and agribusiness sectors but it is still negative in services," he said.