In times of geopolitical tensions, inflationary processes and complex moments of high uncertainty, the most important CEOs in Latin America sent a message of calm to the Peruvian economy.
Eduardo Elsztain’s group, current president of the IRSA Group, made up of Roberto Ruarte, Director of Dolphin Real Asset, and Washington López, founder of Washington Capital and Senior Trader, stated that we are facing a historic opportunity that is being detected in the markets where metals and commodities in general are entering a super ascending cycle which would benefit the Peruvian market as an emerging market.
In this sense, Washington López, executive director of Washington Capital, maintained that due to the political uncertainty that the country is currently experiencing, many people who are withdrawing their money or are going to live abroad are looking at the wrong side since they It is detecting that in Peru wealth can be made not only in the real economy but also in the Stock Market.
“We project that Peru has the opportunity to be a large producer of metals, to be the country that grows the most in Latin America, as happened in 2012 and 2016 when the Peruvian stock market was the most profitable,” he estimated.
He considered that as long as the government maintains the rules, Peru will continue to grow and any president may come, be it from the left or the right, but economic growth will continue since the country depends clearly on how much the raw materials we produce are worth, in this case metals such as gold and copper, which are not at historic highs, but very close to it.
Eduardo Elsztain, president of the IRSA Group, recalled that we had two years of pandemic where the most important markets, starting with the United States, issued more than in the First and Second World Wars. He specified that this hyperemission was a way to counteract the moment of uncertainty.
He emphasized that situations of volatility generate uncertainty, but there is no doubt that the more crises there are, the more prepared society is.
Elsztain, referred that the economies that have work and investment in real assets are the ones that are going to best live the context where liquidity is not a problem.
For his part, Roberto Ruarte, Director of Dolphin Real Asset, said that he is sure that Peru will continue to do well economically regardless of who governs. “The Peruvian market will rise despite the political ups and downs, we definitely believe that,” he said.
Likewise, he ruled out that Peru or Argentina are on the way to becoming a Venezuela, indicating that this possibility is practically impossible for it to happen.
The three international CEO’s agreed that Peru, despite living in that roller coaster or in a wave of negativity of bad news, is a guarantee for investors.
They expressed that it is necessary to provide a reassuring message to Peruvian and foreign investors that their money and investment are guaranteed in Peru.
Eduardo Elsztain, current president of the IRSA Group, Roberto Ruarte, Director of Dolphin Real Asset and Washington López, founder of Washington Capital and Senior Trader, arrived in Peru to participate in CEO Investment 2022 where they presented their knowledge, analysis and strategies for the following years. .
More on Andean:
?? The Ministry of Transport and Communications (@MTC_GobPeru) and the National Institute of Civil Defense (@indeciperu) plan to carry out a new test of the Early Warning Messaging System (Sismate) at the end of May. https://t.co/kQsgWzvpHj pic.twitter.com/YQ2VR1D7Ri
– Andean Agency (@Agencia_Andina) May 7, 2022
(FIN) NDP/CNA
–
