The low economic growth for this year, estimated at 1.1%, would increase the possibility of an increase in poverty and a reduction in employment levels, stressed Alex Contreras.
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The Ministry of Economy and Finance (MEF) forecasts that inflation will continue to moderate in the following semesters, so that next year it would be close to the target range, between 1% and 3%.
“We expect inflation to continue moderating. This year it would close at around 4% and in 2024 we would be once again at the goal of the Central Reserve Bank of Peru (BCRP).)”, said Alex Contreras, head of the MEF, during the Multiannual 2024-2027 exhibition (MMM 2024-2027), this Tuesday, August 29.
In this sense, the Multiannual Macroeconomic Framework 2024-2027 report also detailed that the Peruvian economy will close this year with growth of just 1.1%. This modest advance could result in an increase in poverty and unemployment levels.
“In a low growth scenario, there is a risk of reduced employment growth and fewer opportunities for citizens to get out of poverty”said Contreras. “We are waiting for the final result of the INEI, but clearly we will see an increase in poverty in the first quarter, a stabilization in the second and again in the third and fourth it should be reduced,” she added.
Contreras also specified that the Con Punche Peru program had as a priority the reactivation of the family economy, which would mitigate the rise in poverty by the end of this year.
Source: Larepublica
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