He tourism in Spain, second world destination, is going to break its 2023 record this year, according to the Exceltur employers’ association, while expressing its “worry” due to the growing protests against the excess of visitors. The tourist GDP of Spainfor the first time it would exceed 200,000 million euros” (almost US$ 213,000) in 2024, […]
Tag: economy
The IMF and the WB face meetings with optimism regarding the resilience of the economy
The International Monetary Fund (IMF) and the World Bank (B.M.) spring meetings begin this April 15 with the optimism that the economy will rise in 2024 than expected, despite the complex global situation derived from the wars in Ukraine and Gaza and the increasing geopolitical polarization. If just a year ago the managing director of […]
Peru will expand its FTA with China before the APEC 2024 summit: Chancay will be its “Golden Key”
The Peruvian Government will propose changes to the Free Trade Agreement (FTA) with China with a view to the summit of APEC 2024which will have the Chancay megaport as the cornerstone for its commercial showcase to the world. During a breakfast organized by the Chinese Chamber of Commerce (Capechi), The Vice Minister of Foreign Trade, […]
World Bank: a third of Peruvians were poor in 2022
According to the last update in March 2024, the World Bank declared that poverty in our country reached 32.2% and the vulnerability line was 39.4%. In that sense, approximately 7 out of every 10 Peruvians found themselves in a situation of poverty or vulnerability. This reveals that until now both levels remain above pre-pandemic figures, […]
Half of a mortgage will be paid with the AFP
Today the reform of the pension system will be debated in the Economy Commission of the Congress. In the text presented last Friday the 22nd, a complementary provision was introduced that opens the possibility of withdrawing 50% of your individual capitalization account (CIC) to pay a mortgage loan. This article, which had not been touched […]
Pension reform debate begins, and independents are in the crosshairs
The Congressional Economy Commission has ordered that this Monday, March 25, the debate on the reform of the Peruvian pension system will begin. The ruling that brings together 71 bills, including the Executive’s proposal, puts the future of the pensions of all Peruvians in the hands of Congress. Of the total projects that make up […]
Inflation will return this year to its pre-COVID-19 level
After 2020, inflation climbed to a peak of 8.46%, its highest level in just over two decades, and only four years after the pandemic is it expected to normalize and close at 2.2%, according to the Bank Central Reserve Bank of Peru (BCRP). What do we call regularized inflation? It is when the Consumer Price […]
Minimum wage: 85% of the increases in 20 years were politicized
Between 2002 and 2023, 11 of the 13 (85%) increases in the minimum vital remuneration (RMV) in Peru “have coincided with electoral periods or periods of low presidential approval”, making it necessary to make the approval of a formula viable. for periodic updating, according to an analysis by the Central Reserve Bank of Peru (BCRP). […]
1.7 million Lima residents work, but earn less than S/800
During the quarter from December (2023) to February, the employed population in metropolitan Lima amounted to 5 million 322,900 people: 6.5% more than the same period prior to the pandemic (when there were 4 million 997,600), according to the National Institute of Statistics and Informatics (INEI). A pandemic later—where, at least For a year, the […]
Eduardo Zegarra: “They use figures to justify benefits that do not favor productivity”
—How do you receive the announcement of recovering some guidelines of the Chlimper law? —The minister’s statements have surprised. In a way, it is not its topic either, since it corresponds to the Midagri and MTPE sectors. Contreras had already announced it before and after that the Government ended up granting an additional exemption for […]