The forecasts of International Monetary Fund (IMF) that place the growth of the Chinese economy at 4.2% for the year 2024, after a forecast of 5% for this year, the demand for basic goods from countries like Peru could decrease next year, according to Diego Camacho, senior international economist at Credicorp Capital.
“To the extent that the Chinese economy, according to the International Monetary Fund, would experience lower growth rates than we have recently become accustomed to, our economies would face that one of their important trading partners, demanding basic goods, may not It’s going to demand the same thing as what we were used to,” he commented.
Likewise, it highlights that the volatility in China’s internal and external demand and the structural challenges in the economy are key issues in the
However, Camacho highlighted the importance of taking advantage of the conditions of economic weakness to adjust inflation downward and allow central banks to adopt cuts in interest rates, which would facilitate investment and consumption decisions in the second half of next year. anus.
US rates likely to remain elevated
On the other hand, the Credicorp Capital economist mentioned the performance of the US Gross Domestic Product, which grew by 4.9% in the third quarter of this year. In that sense, he mentioned that this data “consolidates the message from the Federal Reserve, according to which the Policy Rate would be at high levels for a long time.”
“The Fed’s message recently has been that with the shift up the Treasury yield curve, financial conditions indices today are in a much more demanding position than what was seen a couple of months ago. Therefore, this displacement is basically doing the task of an additional increase. That is why the markets, in some way, continue to consider that in the remainder of this year, at least it is most likely that the Policy Rate in the United States United States remains unchanged,” he said.
Additionally, he highlighted that the third quarter data reinforce the perception of the solidity of the United States economy, an aspect that we have observed reflected in the continued strengthening of the relative value of the dollar globally.
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.
