Peru says 2024 will be the year its country's economy restarts

Prime Minister of Peru, Alberto OtterolaHis office said in a statement that 2024 will be the year of restarting the economy and opening key works in his country, as well as strengthening the fight against the insecurity of citizens.

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“2024 is going to be a year of economic recovery. We have had a very tough year but are determined to lead the country. Central Reserve Bank (BCRP) has said that we are going to recover more than 3% of the GDP,” Otorola asserted.


In 2023, the country's economy collapsed

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2023 has been a year of “challenges”, but then again Administrator A number of measures were taken to “target the poor, reduce gaps and improve living conditions”.

He also declared Govt It has ordered more police officers on the country's streets to improve citizen security, one of the biggest demands of the people along with local authorities.

“Protection of Citizenship “And the fight against organized crime and contract killings is on the agenda of President Tina Bolavarte and her government,” he said.

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He also said that the works will be carried out once in 15 days Marketing Areas Illegal One of the major crimes in the country is stolen cell phones.

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2024, a year of economic challenges and opportunities

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According to the Prime Minister, the opportunities facing Peru are a El Nino phenomenon (FEN) Moderation has been reduced from 57% to 37%, although he maintains awareness of the possible consequences of the climate event.

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“We are preparing to face El Nino. We have about 800 people Machines Lists working on removing blockages (rivers and streams), we are investing more than 7,000 million soles (over 1,940 million dollars) and we are working with regional and local authorities,” he noted.

Last Tuesday, Minister of Economy and Finance, Alex ContrerasHe said his country's economy will see a “significant recovery” next year, which will grow by 3%.

He added, “I'm going to see something more Development In the second half of next year, there will be a “positive first quarter”.

Contreras said, “Within the framework of Economic restructuring“The government is “opening up plans” and next year they will “approve measures to restore private investment and reverse negative expectations.”

On December 22, The president of the BCRP is Julio VelardeHe pointed out that an annual growth rate of 3% is forecast for the period 2024-2025 in his country, a moderate El Niño event from January to March and a reversal of the shocks that affected production in 2023.

Velarde lowered, however, the estimates Peru's Gross Domestic Product Growth Annual inflation is estimated at 3.1%, compared to a 0.5% drop this year, compared with an increase of 0.9% initially predicted, compared with 8.5% for the end of 2023.

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