Peru’s economic growth to continue despite crisis and social problems, say economists

ANDINA

31 de octubre

The international financial crisis and the social difficult situations in Peru will have a minor effect in the economic growth because the country has a high growth rate in Latin America, World Bank's economist Eledoro Mayorga reported Friday.

“Peru’s growth rate is about 10 percent. Perhaps, with this crisis the country won’t count on the markets to continue growing with the same speed, nor the same quantity of tourists to continue growing at the same rate, but Peru will keep forward, he said to Andina news agency.
He also said that Peru’s image is positive "because this is a country with a secure growth, which currently seeks to develop social sectors to diminish poverty levels".

He highlighted that companies are able to invest in these sectors, and even international financial entities such as the World Bank have the will to continue investing in this kind of development programs.

"This Peruvian result is not due to a minister or to a change of government, instead it is a process that has started since the 90's. Here, there is an economic course in industries such as energy, mines and tourism", he said.