Acrostic Poem Of Pennsylvania

silence Peru grew 50% more than the world economy in 17 years thanks to prudent fiscal management

Lima, August. 19 (ANDINA). Peru grew 50 percent more than the world economy over the past 17 years thanks to prudent fiscal management and monetary autonomy in the administration said today the Support Group president, Felipe Ortiz de Zevallos.

"The growth of Peru from about 1993, is Over 50 percent of gross domestic product (GDP) worldwide, and is almost likely to follow favorable performance in the future. "

argued that this depends on various economic factors such as changes in prices of metals and other commodities.

"Our main export is gold, and this metal is now in a comparatively high, do not think it will go down but there are always risks involved."

also noted that there are other risks that are important to considered as the climatic, which also significantly impact on any economy in the world.

"But looking at the medium term, Peru's economy is at a stage which could take over and is expected to grow at an average rate of five and six percent. "

Ortiz de Zevallos

participated in the conference" Final Report Expert the Monitoring Committee of the International Financial Crisis ", organized by the Institute of Peru, University of San Martín de Porres.

He said that the crisis was caused primarily by excessive borrowing in the U.S., and in that context handle complicated Peru knew well and be one of the few economies that grew last year.

"One thing in favor of Peru on this moment about the world is that the State, families and Peruvian companies are not indebted as it is probably most industrialized countries. "

explained that in the past five years, American families into debt and had up to 14 credit cards , so now they must increase their savings and reduce their consumption.

mentioned that this situation will generate about five or six years of low economic growth for the global economy, while Peru could grow at rates between five and six percent a year.

"These rates are reasonably good, because in 15 years will double GDP per capita of the Peruvians, "he concluded.

NOTE: Please, any resemblance to any statement about the Peruvian economy from 1901, it is no coincidence.