Private Investment Consolidates As A Growth Engine

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The dynamism of the investment in mining and hydrocarbons is leading to the recovery and sustainability of the private contributions.

According to the Deputy Economy Minister, Hugo Perea, “private investment would have registered an increase of close to 8% in the second quarter of this year, which consolidates it as one of the engines of the growth of the national economy”, you can read in El Peruano.

The acceleration is explained by the greater investments in the Marcona and Toquepala expansions, the preliminary works of Quellaveco, and the expansion of Toromocho and Mina Justa, while the investment in hydrocarbons recovered due to the exploration investments in Lot X and Lot 88.

Also, the reactivation of the investments boosts the virtuous circle between investment, employment and consumption.

“In this line, the creation of formal employment increased 3.8% between January and May, a figure higher than that reached at the end of 2017 (1.7%)”, El Peruano said.

(Source)
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Ermelinda is a journalist from Caracas, Venezuela. She has a Master’s degree in Digital Journalism and has recently finished a technical degree in Veterinary Assistance because of her love for animals. She likes to do sports, but especially ballet, which she has practiced for more than 17 years. Her passion is to read, write, and blog about different topics, as well as travel whenever she can.