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Peru not to face recession, according to Finance Minister

LivinginPeru.com
Isabel Guerra

Peruvian Finance Minister Luis Carranza said Sunday that Peru will not face an economic recession, because the country expects high growth levels in the third and fourth quarters of 2009.

“Saying that Peru is facing a recession is not exact and it's not based in reality. The Gross Domestic Product (GDP) grew by 1.8% and it will keep on growing,” he said.

“That will allow us to reach an annual growth nearing 3%, and that's why we still keep the growth figures in 3.5%,” he said.

He pointed out that protests in Peruvian jungle may not affect GDP growth in 2009.

He added that the government's economic stimulus package (ESP) designed to face the international crisis is working and it is been applied with success.

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# c. schmidt says :
22 June, 2009 [ 12:45 ]

http://www.economist.com/countries/Peru/profile.cfm?folder=Profile-Forecast

# garrett forkin says :
22 June, 2009 [ 14:49 ]

thanks again for unbiased redirection which may well be followed and read by our more aware readers

# garrett forkin says :
22 June, 2009 [ 14:52 ]

the job of a journalist in Peru must be very easy ''Just listen to the goverment Minister write down the speach submit your article , do not question and go straight to lunch.If you miss a massacre or two what the hell? eh?

# c.schmidt says :
22 June, 2009 [ 15:36 ]

high Garrett in between before or after lunch -therefore it is important that others post their opinion and like you say - to read in between a little bit and you describe it so well to be aware.  

# Mike says :
22 June, 2009 [ 16:31 ]

That's a great link - thanks.

You know, if Garcia keeps making promises that will not be kept, that just causes problems.  They should be more conservative in their estimates.

# David N says :
22 June, 2009 [ 16:54 ]

Louie needs to take a peek out the window. Peru's been in a recession for decades.

# c.schmidt says :
22 June, 2009 [ 17:16 ]

Was just thinking even so it fits only half in the topic - almost through al political parties they have some good people- in between of cause like always mister and missis evil speaking (arrogant , self performing, money driven, mortal ambitious).   
But the good people -can they not push for more dialogue.   
The other day when they were spoke about Bagua and all this I really got the impression that there were several  good people telling things very quit like they are.
Why they cant  go together, help ,  and make a healthy mix instead of allowing that country gets more divide.  
among several others(so many names) I found quit reasonable and balanced  mister Lescano, one young  handless congressman from Unidad national, there were 2 nationalist congress woman  who gave impression that they have good intensions for Peru, one of them this charismatic short hair lady  elisabeth Leon? , another lady who spoke very quit and well based, Abugatas and Meckler seem to be prepared , mister  waismann seems to be a good person and from the fujimoriestas there are also several good and moderate persons who  seem to be driven by balancing   and dialogue and not on the hate course.  

# fred says :
23 June, 2009 [ 12:26 ]

Well, Garrett, if you're referring to LivingInPeru.com, this site is not a journalism site, per se. It's more like a blog.

But I don't disagree with your assessment of the Peruvian media, who've shown the world that they're biased, controlled and manipulated.

And that's a pretty bold statement by the Finance Minister, of all people. I would feel more comfortable if he lays out a contingency plan to combat a potential recession that Peru could face, if it were to occur, not spew forecasts that could come back and bite him in the behind, given today's environment.


As for everyone's favorite, David N., maybe you should look out the window, step out on the stoop and take a few steps.

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