From the Private Council of Competitiveness They assure that Peru is in a delicate context due to the increase in inflation, the fall in household income and the loss of economic dynamism in the last 18 months, as well as the rise in poverty and social conflict, factors that make it difficult to “close the gaps”.
David Tuesta, president of the CPC Peru, announced that, with the low growth rates estimated for GDP, the reduction in poverty will be too slow.
For example, if the economy maintains a 2% annual rate, it would take us 28 years to reduce the poverty rate to 20% (that is, its pre-pandemic level).
It is worth noting that poverty skyrocketed to 9.1 million Peruvians (27.5% of the population) at the end of 2022.
Even if the GDP is maintained at 2% per year, poverty would only fall to 10% in 80 years, the ratio that Chile currently has.
In addition, Within the most optimistic scenario, of economic growth of 6% — “as has happened before, although now it seems unreal,” said Tuesta —, only in 10 years would poverty contract to 20% of the population and, for 10%, in 31 years.
“When we were growing at a rate of 5 or 6% and reducing poverty, the dream of being a highly competitive OECD country was feasible. In 10 years it seems that something has happened to our politicians or to the country. We have changed the chip,” stressed the also former head of the MEF.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
