(Agencia CMA Latam) - The credit risk rating agency Standard & Poors (S&P) says there should be political continuity in Peru after the arrival to the presidency of Martin Vizcarra, and that the measures that would be implemented would be consistent with what was being done by Pedro Pablo Kuczynski, who recently resigned amid corruption allegations.
In an interview with the official newspaper El Peruano, analyst Livia Honsel said that S&P reviewed the country's productive activity when it evaluated the credit rating in the middle of each year.
"Our last projection for Peru was last year when we projected that its economy should grow 3.5% in 2018," she said.
"While there may be a risk to the growth outlook if there are new delays in public infrastructure projects or a negative impact on investor confidence, we think there will be a boost from public spending and private investment," she added.
On Vizcarra, S&P says that with the new president "there should be less uncertainty and if it manages to establish a certain dialogue with the Congress it would be a good scenario for the country."
by Agencia CMA Latam
For comments and feedback: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.