The head of the Ministry of Economy and Finance, Alex Contreras, specified that the Cyclone Yaku, the intense rains and landslides that have affected the north and center of the country will not have a great impact on the economy, the same as it will be “moderate.” However, he stated that, if there was a El Niño phenomenon, this could affect up to 2% in the GDP. Taking what happened in 2017 as a reference, it would imply losses of up to S/18.6 billion.
“If an El Niño phenomenon comes, we are talking (of an impact) of 1 or 2 percentage points of GDP,” said the minister in an interview with RPP.
According to MEF estimates, in economic terms, March will be better than February and growth of 4% is projected for April. It should be remembered that the first month of the year registered a drop of 1.12% as a result of the attempted coup that took place in December 2022 and the social conflicts that followed.
“Obviously, these climatic factors can generate some economic impact, but we are working along that line, try to mitigate the effects, give attention to the population; but, above all, prevent the regional economies and those most affected by this situation from paralyzing”said the head of the MEF.
Along these lines, he explained that the regions identified as the most affected are Lambayeque, La Libertad, Piura and Tumbes; in addition to some areas of Lima. The main damages detected are lives and houses, for this reason, a special package will be announced in the coming days to speed up the construction of social housing.
Source: Larepublica
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