If the 3% GDP growth projected for the coming years continues, the poverty rate would only reach 20% in 2046, according to the Private Competitiveness Council.
- Price of the dollar today in Peru: what is the exchange rate for this Thursday, May 9
- Banco de la Nación payment schedule: review the dates for collecting salaries and pensions in May
The INEI reported this Thursday that 29% of Peruvians were affected by poverty during 2023: 1.5% more than in 2022 (27.5%) and 8.8%, than in 2019 —when the rate was 20.2%—.
If the expected 3% annual growth in GDP is prolonged until 2028, according to former Minister of Economy David Tuesta, it will take more than 20 years to reduce poverty to the pre-pandemic level: in 2046 (see graph).
Projection of reduction of the poverty rate according to the annual GDP of Peru.
Tuesta maintains for La República that the 3% projection for the Peruvian economy is very limited and is increasingly moving away from its potential.
In the middle of last year, the Private Competitiveness Council – chaired by Tuesta – warned that if 2% growth is prolonged, poverty would not reach 20% until 2053.
And, if an annual rate of 4% is achieved, poverty would return to 20% in 16 years.
According to the CPC, to reach the poverty rate of 10%, like Chile, the path of 6% annual variation in GDP would have to be recovered and would not be achieved until 2054.
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.
