The Peruvian GDP will have a lower growth for this year —below 2%, according to local and foreign institutions. Perea takes a look at the conditions with which we entered the second half of a year hit by the political conflict, social discontent and climate emergency. —Was this scenario of technical recession foreseeable, as indicated […]
Tag: economy
Peruvian economy stagnates and enters technical recession
The slowdown of gross domestic product (GDP) in recent months has led the national economy to return again to a technical recession, something that had not been seen since the pandemic, when there was a sharp contraction in economic activity as a result of the restrictive measures that paralyzed various sectors to prevent the spread […]
The coastal regions are more competitive than those of the mountains
The difference always existed historically. The Peruvian coast had better competitive conditions than the mountains. This trend is shown in the latest regional competitiveness index (Incore-2023), prepared by the Peruvian Institute of Economy (Ipe). prevails Lime on the other regions and, later, they are located Moquegua, Tacna and Arequipa, then comes the north coast. The […]
“There is no control”, say Argentines who fight against inflation above 100%
before a inflation that this year could exceed 140%, the Argentines they look for the best price when buying essential goods to protect their income and make ends meet. “I feel that there is no control, that no one controls the prices and that everyone puts the price they want and perhaps managing the same […]
Government of Chile slightly lowers its growth forecast for 2023
The government of Chili lowered this Wednesday by one tenth its growth forecast for the economy for 2023 up to 0.2% and forecast that average inflation will reach 7.8% year-on-year amid the adjustment of local activity after the rapid post-pandemic recovery. By 2024, the Executive expects an increase in gross domestic product (GDP) of 2.5%while […]
Mexico, the OECD country that most revalued the minimum wage since the end of 2020
Mexico is, by far, the country of the OECD in which the minimum wage has risen the most in real terms since the end of 2020, 43.6% until May of this year, compared to an average of 2%. In its annual employment outlook report published this Tuesday, the Organization for Economic Cooperation and Development (OECD) […]
Peruvian economy will only grow 1.3% in 2023, according to Credicorp
The weather phenomena and the social upheaval in the first months of the year have slowed down the progress of the Peruvian economy so far this year. These events have also led to downward adjustments in growth projections by various institutions, both state and private. One of the most recent entities to lower its forecasts […]
Board of water users demands machinery and budget
Yesterday, dozens of leaders of the water user boards from different parts of the country gathered outside the premises of the National Water Authority (ANA) to announce a national strike due to the inefficiency of its authorities. They pointed out that in the midst of a state of emergency, in 18 regions of the country […]
Costa Rica: country with the lowest inflation in the OECD, seven times below the average
Costa Rica was the country of the OECD with the year-on-year rate of inflation lower, 0.9% compared to 6.5% on average, and this in a general context of slowdown in prices, marked above all by the fall in energy prices. Inflation in Costa Rica fell significantly in May, after the 2.4% in April, thus becoming […]
The slow convalescence of post-coronavirus tourism in Cuba
Despite the end of the pandemic of the coronavirus, Cuba keep fighting to get it back tourisma vital activity for your economy. In Trinidad, jewel of the Caribbean island, the high season was “unstable”according to workers of the sector that are committed to the return of Russian visitors and the opening of new markets. “Little, […]