Based on the economic projections of the MEF, in the last months of 2020 there has been a progressive growth of GDP as a reflection of the implementation of the different phases of the Reactivation Plan that allows the start or resumption of certain activities in our country.
Under this framework, the MEF authorities predicted a positive recovery in our economy thanks to the promotion of investment, private consumption and public spending, with the local political factor being the main risk. In this scenario, both the MEF and the BCR project growth of 10% and 11.5% respectively.
In the investment area, we find that Majes Siguas and Chavimochic are large public investment projects that would significantly contribute to job creation. However, according to economists such as Carlos Casas, although public investment will drive growth, it is private investment that has the best chance of generating reactivation. That is why the execution of private sector projects is of vital importance.
In the international market, the significant increase in the price of copper ($ 3.55 per pound) is relevant, since it means higher in the mining sector through the canon, royalties and income tax.