Between October and November, public investment by regional governments has shown a positive trend and is expected to boost GDP growth in the last quarter of 2015, Peru’s Central Reserve Bank Chairman Julio Velarde affirmed.
In this sense, Peruvian economy will expand by 4% over the fourth quarter of the current year, the economist projected.
Local investment figures continue displaying negative signs, the Governor noted. Nonetheless, he expressed confidence the latter will pick up in November and December.
"We hope for a stronger public investment recovery in December, which has already taken off in the case of regional governments. We hope this comes true, so we'll reach the previously-set goal," he noted.
Remarks were made after inaugurating the Decentralized Economic Meeting in Northern Peru’s Huanuco region. The event gathers authorities, analysts, academicians, entrepreneurs and citizens interested in debating financial and social development issues linked to the Peruvian region.
(END) JCC/JCC/MVB