47% of Peruvians consider it impossible or unlikely to invest in the next six months given the adversities that weigh down the country, according to the latest Investor Mood Index report carried out by Tyba, from Credicorp Capital.
“The biggest problem (in Peru) is inflation, which affects the poorest to make their money profitable. Secondly, the average growth (of GDP) until 2019 was 4% annually, but with the pandemic it collapsed,” explained Valdemaro Mendoza, Deputy CEO of Tyba.
Mendoza also pointed out that with the threat of the phenomenon The boy and the “political disaster” complicate recovery expectations, also considering that consumer confidence “is at its lowest level since 1998 except for the pandemic” and that the private investment will not return to pre-pandemic levels—in real terms—until 2026.
This study reflects that the investment expectations of our compatriots rose from 43% to 45%but it is below those of Chile (52%) and Colombia (46%), where there is greater optimism among citizens to make their money grow.
However, both Peru and Colombia have seen their projections limited by mistrust, interest and information regarding perceptual variables of investments; although in the northern country with the ratios of banking and hard investment there is a better performance. Here our Trojan horse is the real economy: business, commerce and entrepreneurship, which “slightly raise” the general index.
On the other side of the coin, 21% of Peruvians see it as probable or very probable to invest; In Chile and Colombia, the optimism rates are 26% and 37%, respectively.
How are Peruvians’ finances going?
26% of Peruvians recognize that they are leaving debts —it equaled the ratio seen in 2021— and the universe of those who are saving fell from 23% to 19%.
A year ago the financial situation that characterized the Peruvian was savings – the report says – but the deterioration of his finances has forced him to face debt.
In detail, 30% of men fulfill their duties and are on average between 45 and 60 years old and belong to the D and E socioeconomic level.
Thus, Credicorp affirms that, taking factors such as debt, emerging from an economic crisis and living day to day, among others, 59% of the population recognizes that it is difficult to create wealth. In 2022 the rate was 53%. Only 21% are in “investor mode” and plan to catapult their savings at the close of the current.
Volatile growth prospects
Despite the adverse panorama that Peruvians are going through, 53% consider that their monthly income will remain stable —higher than 49% of Colombians and 48% of Chileans—; However, 23% believe that their income will rise and another 23% of the population believes that what they have will fall, adds the Tyba report.
Women are less optimistic about the future of their income in the short term (30%), and, by age group, pessimism prevails in compatriots between 25 and 34 years old (30%) and in socioeconomic strata D and E. In essence, Mendoza considers that Peru suffers from a “greater negativism”.
Figures
- 59% of Peruvians consider that it is difficult to create wealth.
- 10% of people said they are investing their money.
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.
