Lima, June 21, 2021.- The uncertainty currently existing in the country caused by the elections that have not yet ended may end up affecting the economy in the short term, especially private investment, since the specific measures to be taken as of July 28 are not known.
However, the International Monetary Fund has a clearer picture of the economic management, as it affirms that, both Pedro Castillo and Keiko Fujimori, are committed to maintain very sound policies and institutional frameworks.
Investment is affected
The IMF expects economic activity in Peru to recover this year, estimating that until January 2022, 75% of the Peruvian population will be vaccinated.
Thus, it forecasts that the economy would grow by 8.5% this year and by 5.2% in 2022.
For the medium term, it estimates that actual GDP growth will converge to 3.25%, which would be 9% below the pre-pandemic forecasts. This is reflected in business closures, job losses and reduced investments.