After in the first and second quarters of this year the Peruvian economy has registered falls of 0.4 and 0.5%, respectively; Everything indicates that in the third quarter there would also be a contraction of the Gross Domestic Product (GDP), as indicated by the Central Reserve Bank of Peru (BCRP).
“With recent information, possibly in the third quarter we will have a negative growth rate again. The shocks have had a greater impact, the El Niño shocks, above all, have had a greater impact on the economy,” explained Adrián Armas, central manager of Economic Studies of the BCRP during the presentation of the Monetary Program for the month of November.
The official of the issuing entity commented that the leading indicators and expectations about the economy in October show a deterioration compared to the previous month, with the majority still remaining in the pessimistic range. Likewise, he adds that the shocks derived from social conflicts and The boy have affected economic activity and domestic demand with a greater impact than expected.
“Although, possibly, the rate in October is not as negative as what would be seen in the third quarter, it will still the economy is still going through a difficult situation“Armas pointed out.
Source: Larepublica
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