Fiscal Council: calculation of the potential GDP of the MEF is not well supported economy

the Fiscal Council (CF) he is not pleased with the optimism of the Ministry of Economy and Finance (MEF) for the annual economic growth.

the MEF calculates potential growth up to 2022 in 4.5%, while the International Monetary Fund (IMF) and the Central Reserve Bank (BCR) maintain their rates in 4% and 3.7% respectively.

For the board of directors, which has an opinion on the forecasts of the multiannual macroeconomic framework, the calculation of the Potential GDP it is not well maintained, according to El Comercio.

The CF ensures that, because the regional and municipal elections will lead to new negotiations, it is likely that government investments may not meet the expectations of the government. MEF; that is, there would be less accumulation of physical capital.

He also points out that the projection of the MEF is not related to the expected prices for export and import.

Finally, he criticizes the position of the executive it is based on the implementation of national competition policy. However, the CF points out that this does not contain any specific action, only general guidelines.

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