The labor force in Trujillo has decreased and this is affecting young people between the ages of 14 and 24 more, where 10 out of 100 young people are unemployed, while 81% of these young people are in the informal sector. Francisco Huerta Benites dean of the College of Economists de La Libertad points out […]
Tag: Cyclone Yaku
Peru will be one of the countries most affected by the El Niño phenomenon
The inevitable arrival of the El Niño phenomenon presents a new challenge for the Government of Dina Boluarte, since the budget items to minimize their damage. Alex Contrerashead of the Ministry of Economy and Finance (MEF), assured that Peru will be one of the countries hardest hit globally by the emergency in this part of […]
Insurers would disburse more than S/8,000 million in compensation for natural disasters
The climate crisis is causing loss of life and damage to the country’s infrastructure, which is whye insurance companies could disburse more than S/8,000 million in insurance compensation, according to ENFORCE, a company that advises brokers and policyholders. In addition, this could result in these entities looking more closely at requests for coverage in the […]
Dina Boluarte: “Strikes are not the solution at all”
The president rejects that the Piura authorities exercise the protest in the absence of concrete actions after the climate emergency. Dollar price today in Peru: what is the exchange rate for this Thursday, April 13? What can I do if I receive counterfeit bills from the ATM? This April 18, the municipal authorities of Piura […]
Wineries raise their prices weekly due to inflation
More than 200 micro and small business entrepreneurs (MYPE) of the manufacturing (45%), retail trade (30%) and services (25%) sectors have had to raise their prices to face inflation, the political and social crisis of recent months, and the climatic ravages of Cyclone Yaku, reveals the survey carried out within the framework of the first […]
Alex Contreras: “The Reconstruction with Changes plan failed”
The head of the Ministry of Economy and Finance (MEF), Alex Contreraspointed out that the Dina Boluarte regime will strengthen the work of prevention in the face of natural phenomena. And it is that, as a result of the destruction generated by these natural phenomena in various regions of the country, Contreras recognized that the […]
MEF: Economy would only have grown 0.5% in the first quarter
2023, to date, has been a year of great challenges for the Peruvian economy due to social conflicts and natural disasters. This scenario has changed the growth expectations for the country managed by the Ministry of Economy and Finance (MEF) for the first months of this year, according to the head of said portfolio, Alex […]
BCRP reduced GDP growth to 2.6% and private investment would now fall 0.5%
Due to the economic impact of the protests and the intense rains caused by Cyclone Yaku, the Central Reserve Bank of Peru (BCRP) revised downward its macroeconomic projections for 2023. Thus, the monetary entity reduced from 2.9% to 2.6% the growth of the Gross Domestic Product (GDP) for the current year. This expected lower dynamism […]
Cyclone Yaku will limit economic growth
In January of this year, the Peruvian economy intensified its slowdown and fell 1.12% due to the social demonstrations that began since Dina Boluarte came to power, according to the National Institute of Statistics and Informatics (INEI). Given the eventual phenomenon of El Niño Costero that would unleash the passage of Cyclone Yaku through our […]
Government would subsidize the interest rate for mortgage loans
The arrival of Cyclone Yaku has left a total of 27,843 houses affected, 2,148 uninhabitable buildings and 1,521 houses destroyed. In addition, there is a high probability of a El Niño phenomenon In our country. Given this current scenario, the Government has been preparing measures to care for affected families and close the housing deficit […]