Total investment as a percent of GDP in Peru is higher than in other advanced and industrialized economies such as South Korea and Vietnam, the Central Reserve Bank (BCR) of Peru’s President, Julio Velarde, has said.
BCR’s top executive noted that Peru not only holds the highest level of gross fixed investment in Latin America but also meets the pace of the other Asian leading economies as the ones mentioned above.
The entity’s foremost economist stressed these investments have marked a breakthrough in the Andean nation’s economy by posing a sustained growth pace in urban employment nationwide.
“Although, employment expansion has slipped slightly over the last months, it has not stopped to record a top-line growth,” he said in his remarks at a conference which marking the second day of an investor roadshow taking place in Spain’s capital Madrid.
Likewise, Velarde stressed that the growth of the Peruvian economy recorded in last June, which was at 0.3 percent, by the Central Bank is a signal which proves the gradual recovery in the core economic and industrialized activities of the country.
The BCR’s head attended as a keynote speaker the one-day seminar titled “Investing in Peru”, organized within the framework of the European roadshow held in Madrid, Spain, in its first leg.
The investment rate as proportion of Gross Domestic Product in Peru exceeds 27 percent, reflecting the strong confidence of private investors in the nation's economy and its future prospects.
(END) VLA/AQR/LOG
Published: 9/2/2014