A weak cooling is expected in the Pacific Ocean until the first half of this year, but this change will not represent a reduction in inflationary projections.
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According to the Multisector Commission in charge of the National Study of the El Niño Phenomenon-ENFEN, until July both El Niño and La Niña are expected to be, mainly, neutral. And at a lower intensity, weak.
Here, the Central Reserve Bank of Peru (BCRP) maintains that the lower intensity of climatic events occurs in a context in which interannual inflation continues to decrease —in January, it reached 3.02%, one step away from the target range. —.
“We will be without El Niño and La Niña in the second quarter, although the second most likely scenario for the second quarter is a weak La Niña, which has favorable effects on the economy,” commented Adrián Armas, central manager of Economic Studies at the BCRP.
Armas alleges that The dissipation of climate shocks will allow national production indicators to recover – after 2023 in which GDP would have fallen 0.5% – and also employment; which will contribute to recovering business confidence indicators, the majority of which remain pessimistic.
“Actions are required to help investment and more progress in unblocking. These are positive signs for the economy to grow solidly,” he told the press.
Trained at the Jaime Bausate y Meza University. In constant learning. Economics is the branch of journalism closest to the people and my duty is to be a bridge to information.
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.
