LatinNews Daily - 22 August 2022

In brief: Peru preparing new economic reactivation plan

* Peru’s new economy and finance minister, Kurt Burneo, has said that President Pedro Castillo’s government is preparing a new economic reactivation plan, which he said would raise the country’s GDP growth above the official 3.4% forecast for 2022. “Measures for the reactivation plan are currently being drawn up, not only in terms of quantifying the fiscal cost but also regarding the impact on economic activity,” he said. Burneo indicated that the government would raise public investment, which has remained unexpectedly low under Castillo, and that this would in turn drive up private investment. This, he said, would bring annual GDP growth closer to 5% by expanding the labour market and increasing economic activity.

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