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 […]
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Food inflation due to El Niño would cost 1% of GDP
The occurrence of a Global El Niño phenomenon, coupled with a Coastal Niño over the last quarter of 2023, poses a significant risk over four regions that concentrate 25% of the national agricultural production, in addition to the provision of some of the most important foods in the basic Peruvian family basket, such as rice […]
BCP reduces its growth forecast for the Peruvian economy from 1.7% to 1.1% in 2023
He Credit Bank of Peru (BCP) cut its growth forecast for the Peruvian economy in 2023 from 1.7% to 1.1% in 2023, due to the effects that the El Niño phenomenon could cause in the last quarter of the year. The estimate remains at 2.7% for 2024. For the remainder of 2023, Credicorp Capital’s Buy […]
Peru would lead growth in the region during 2023
The gross domestic product (GDP) of Peru it would grow between 2.3% and 2.5% in 2023 and would position itself as the economy with the best performance in the region, according to forecasts by Credicorp Capital and BBVA Research. For this year, both entities agree that the advance will not be greater than 3% (between […]
Credicorp: “In the worst case scenario, the Peruvian economy would grow up to 3.5%”
The Gross Domestic Product (GDP) of Peru, despite the prolonged political tension and external blows such as inflation and the conflict between Russia and Ukraine, would manage to grow above 3% for this year, according to Credicorp. “The (Peruvian) economy has significant growth potential but continues to be limited by issues associated with the political […]
In 2022, GDP would grow by 3%, according to Credicorp Capital
Peru’s GDP in 2022 would grow by 3% due to a trend that affects the whole world, but especially Latin America due to the devaluations of currencies, as well as the increase in the price of oil and food worldwide, reported Klaus Kaempfe, director of Portfolio Solutions at Credicorp Capital Asset Management. Peru leads world […]