US expectations would improve with a rise in the debt ceiling

The House of Representatives of USA approved by majority, with 324 votes in favor and 117 against, the bill to raise the federal debt ceiling until January 11, 2025.

In this way, it seeks to deal with a possible problem of lack of liquidity that prevents the North American country from fulfilling its respective payments and commitments, previously warned Janet Yellen, US Treasury Secretary.

Thus, after several weeks of negotiations, the president of the United States, Joe Biden, and Kevin McCarthy, head of the House, reached an agreement to increase the ceiling, which currently stands at US$31.4 trillion. Now the next step is to get the go-ahead from the Senate. It should be noted that the recent vote had a total of 149 Republicans and 165 Democrats in the green.

However, despite the favorable vote, the deadlines continue to be tight because June 5 is the deadline announced by the Treasury Department in order to avoid a ‘default’.

Impact in Peru

The approval of raising the debt ceiling will allow the US government to continue executing its public spending; Furthermore, it would prevent a risk of recession and would improve expectations of long-term economic growth.

These aspects would have a neutral to positive impact on Latin American countries, including Peru, said economist Enrique Díaz.

“The United States is Peru’s main trading partner; consequently, a better economic standard would help our country on the export side. If the United States goes into recession or decreases, that hurts us because it does not allow us to sell to them with the same fluidity “added the specialist.

dollar stability

At the local level, the exchange rate would also remain stable and would not present large increases in the coming days in the region.

As has been recorded, the dollar in peru It has presented a tendency to depreciate in recent months, even reaching a price of S/3.6930 on May 9, one of the lowest figures recorded in the last 12 months.