Monetary entity indicated that regions such as Cusco and Puno have registered a significant drop in their sales. They also estimate a loss of US$600 million due to the entry of fewer international tourists.
The Central Reserve Bank of Peru (BCRP) indicated that a slowdown in the economic activity due to the roadblocks that prevent the transfer of inputs, as well as the interruptions of some mining companies that have been impacted by the social mobilizations.
Adrián Armas, central manager of Economic Studies of the BCRP, explained that the greatest sequel is registered in the south. According to preliminary indicators, regions such as Cusco and Puno have had a sharp drop in sales in January.
“Certainly the economy is facing a major negative shock unfortunately. There are signs of a slowdown, especially in the southern part of the country. Also sales indicators that show deterioration, especially in the regions where there are more mobilizations,” Armas pointed out during the presentation of the February 2023 monetary program.
The official said that, although it is premature to estimate what the final economic impact of the protests will be, he added that companies such as Minsur and The Bambas They have had stoppages, which affects the country’s mining production.
“We say that it is premature to analyze it because the final impact has to do with the duration of these conflicts. If these conflicts cease, the economic impact of the conflicts, locks, interruptions, end promptly; That would give the economy space to recover the impact that these shocks are having in the rest of the year. If they are persistent, it will be very difficult for companies to recover production,” Armas said.
Impact on tourism
Regarding the consequences that the tourism Due to the demonstrations in the regions, the BCRP official estimates that in the first semester this sector will lose US$600 million due to the lower entry of international visitors to Peru.
Source: Larepublica
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