The head of the Ministry of Economy and Finance (MEF), Alex Contreras, pointed out that in August, the peruvian economy It would not have had the expected performance and, on the contrary, a deterioration in national production would have been observed.
“Compared to what we anticipated in August, there has been a greater deterioration in economic activity,” said the head of the MEF during his speech at the Budget Committee of the Congress of the Republic.
Likewise, the official indicated that the El Niño phenomenon It has also had an impact on the indicators of macroeconomic business expectations, since these have suffered a drop in the last month.
“We are still in a Child complicated and that unfortunately is contaminating the expectations of investors and consumers themselves and is affecting the speed of recovery of the economy,” added the Minister of Economy.
What was stated by the head of the MEF coincides with what was said by the central manager of Economic Studies of the Central Reserve Bank of Peru (BCRP), Adrián Armas, who mentioned that August GDP would be lower than the 1.3% previously projected by the monetary authority.
“The indicators show that the third quarter would be less than initially expected. A greater effect of the phenomenon is being seen The boy. The data on jobs in the formal sector was published and a reduction in jobs has been seen in the agricultural sector. We are seeing that El Niño is also affecting these sectors. We are also seeing greater inventory deaccumulation. We would have the projections for the next inflation report, but the bias is downward,” Armas said.
Source: Larepublica
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