October 3, 2018 |
Carlos Oliva took over Peru’s Economy and Finance Ministry in June, as the fifth minister in less than 12 months. Conditions have improved for Peru and the outlook for 2019 is promising, but there are multiple external and internal threats that could undermine the promising outlook.
LatinFinance: The level of political and economic noise in emerging and developed economies is increasing. Are you concerned about contagion?
Carlos Oliva: There is always an impact on small and open economies, like Peru, whenever there is international political or economic noise. The trade war gathering speed around the world has already had an impact, especially on the price of copper, which is a concer
There are threats of a trade war in the north, global rates are rising and China’s growth rate has slowed, but Peru continues to see the potential for expanding its economy by more than 4%.