The latest Peruvian CEO Survey conducted by international firm Oxford Business Group (OBG) confirmed Central Reserve Bank’s (BCR) optimism regarding economic growth projections for the Inca country.
According to this study, 84% of respondents have positive or very positive expectations of business conditions for the next 12 months, whereas 60% plan to make a significant capital investment in the similar period.
In addition, 71% of CEOs trust Peru’s financial sector and consider access to credit to be easy or very easy, which reflects a positive business environment conducive to the country’s growth.
Regarding political issues linked to recent scandals, 71% of participants believe Government’s efforts to fight corruption are insufficient or very insufficient.
Another question the survey posed to CEOs was to identify those external factors that could weigh on the Peruvian economy in the short and medium term.
In this sense, 57% of entrepreneurs cited low commodity prices as the top external event, followed by a possible slowdown of the Chinese economy, and a resilient U.S. economic growth.
Despite recent challenges, “the business environment eased somewhat as Peru moved into 2018,” OBG Regional Editor for the Americas Jaime Perez-Seoane pointed out.
Within this framework, he explained “national infrastructure plans progressed under new public-private partnerships, construction recommenced on many projects and commodity prices were once again on the rise, helping to boost the development of mining and hydrocarbons industries.”
“Evidently, Peru is dynamic and capable of growth, even with a certain degree of instability –a needed strength for any emerging market. As we’ve seen in our most recent CEO survey, as well as previous ones, the confidence of Peru’s private sector is resilient,” he added.
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(Andina.pe)