Economy 03-08-2018

Vizcarra assures that Peruvian economy began to consolidate

According to the president, the economy will grow by four percent this year.

The president of Peru, Martín Vizcarra , said that the economy of his country is strengthening, arguing that by the end of the year an economic growth of up to four percent is expected.

For the president, the economic increase that Peru will have at the end of the year is due to an increase in budget execution for regional governments.

For some analysts, the growth referred to by the Peruvian president is fictitious, because the underlying problems have not been solved, since Peruvian economic model is still based on informal work and the lack of initiatives that protect citizens for the future.

The majority of the population, in informal jobs, do not have any type of social protection or for any eventualities that may arise in the present or to live quietly during old age, they warn.

Peru is not generating internal capabilities, which prevent the country from continuing to depend on international markets, as it does now, they added.

Vizcarra's statements come at a time when the country is going through a political crisis,and unemployment (8.1 percent), as well as poverty (21.7 percent, in 2017) do not stop its growth.

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