A majority of professionals surveyed in Southeast Asia chose China as preferred power over USA, which received more support last year, according to a report by the ISEAS-Yusof Ishak institute and the ASEAN Studies Center published this Tuesday. He 50.5% of those surveyed opted for China over the 49.5% who did it for the United […]
Tag: economic recession
Alex Contreras could not get the economy back on track: José Arista takes over from him in the MEF
“The plans have worked. Proof of this, the January and February numbers show a vigorous and recovering economy. The idea is that it can be maintained,” said Alex Contreras after his departure from the club was made official. Ministry of Economy and Finance. This time, the numbers are not going to kill the story, but […]
Should the conduct of economic policy be refreshed?
“A management that has not produced results” By Alfredo Thorne, former Minister of Economy What I can say is that it is a management that has not produced results; It is the president and the prime minister who have to evaluate whether Contreras is the most suitable person for the economic recovery that the entire […]
An overly cautious Fed could lead to a slight recession in the US in 2024
The Federal Reserve will likely hesitate to cut interest rates next year for fear of a spike in inflation, but keeping them elevated for a long time will reduce the chances of a soft landing for the U.S. economy, a Vanguard executive said. The world’s second-largest asset manager expects a mild recession in the United […]
Bonus of S/500 to workers of the Judicial Branch: when will it be paid and what are the requirements?
The law on supplementary credits to face the economic recession includes a series of bonuses for public sector workers. Find out all the details about the exceptional bonus for employees of the Judicial Branch. Join the La República WhatsApp channel On Friday, October 27, in the newspaper El Peruano, Law No. 31912 was published, which […]
Peru in recession: how does it affect the pocketbook and what should be done to protect finances?
After sustained economic growth between 2004 and 2019, our country faces a recession and there have already been several months with negative figures. In August, the Gross Domestic Product (GDP) fell by 0.63% and this situation is compounded by the reduction in private investment and business expectations. If you want to know more about the […]
US business activity nears stagnation in September: PMI
The business activity The US showed little change in September and the large services sector grew at the slowest pace since February, while new orders fell to lows for this year, a survey published on Friday showed. According to S&P Global, the composite PMI index of USA, that analyzes the manufacturing sectors and services, fell […]
INEI: GDP contracted 0.45% in the first half of 2023
Two consecutive quarters in red confirm the technical recession of the peruvian economy. The GDP in June fell 0.56%, thus the result for the first half of the year was -0.45%, according to the latest report from the National Institute of Statistics and Informatics (INEI). From January to June, the sectors that had negative performance […]
Has Peru’s economy entered a technical recession? This is what the specialists say
In the last few hours, the newsrooms of all the media have begun to spread the possibility of a recession of the peruvian economyafter knowing the GDP figures in May released by the National Institute of Statistics and Informatics (INEI). What does a recession mean? In economic theory, a recession involves a period of at […]
Law on the debt ceiling in the US will avoid an economic crisis
The President of the United States, Joe Biden, announced last night that today he will sign the bill that authorizes raising the debt limit, which eliminates the threat of lack of liquidity in one of the most solid economies in the world. “Nothing would have been more irresponsible or more catastrophic than a bankruptcy of […]