This Monday, September 18, the head of the Ministry of Economy and Finance (MEF), Alex Contreras, pointed out that although the economy registered a GDP of -1.29% in July, the second largest drop of the year, It still considers that there will be a recovery in the third and fourth quarters of 2023. He stated that the performance of GDP in services (0.0%) and manufacturing (-13.9%), far from what was expected, deviated from the entity’s projections, which had foreseen the beginning of the improvement for the seventh month.
“But going forward we maintain that there will be a recovery in the third and fourth quarters, this will improve, because there are signs of recovery. And this is one of the things in which I want to be very emphatic,” commented the minister.
Given the July results, he indicated that they will take immediate measures. Likewise, the 6-month investment confidence indicator is at more than 17 points, according to Apoyo, and is the highest level since March 2019. “We have returned to the confidence we had before the pandemic,” he noted. He added that this will materialize in investments.
For its part, the Central Reserve Bank (BCRP) survey on 12-month business expectations registers its highest level in recent years. Meanwhile, another Support survey positions Peru as the first most attractive destination to invest in the region in 2024 and leaves behind countries such as Chile, Mexico and Brazil.
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.
