The result of last year in the North American country represents a decline of 3.8% compared to the advance of 5.9% registered in 2021. The economy of USA grew 2.1% in 2022 driven by the 0.07% increase in Gross Domestic Product (GDP) in the fourth quarter of the year, as reported this Thursday by the […]
Tag: economy
Coffee: Quillabambino will represent Peru in the World Cup
Peru qualified its participation in the world cup of coffee tasting, which will take place in Greece from June 22 to 24. This is the World Cup Tasters Championship (World Cup Tasters Championship) and the country will be represented by the Junior national champion Zanabria Alfaro, a 25-year-old young man from Quillabambino, who is passionate […]
China fears that emerging countries will suffer side effects from rate hikes
The Deputy Prime Minister ChineseLiu He, expressed Tuesday at the forum of Davos his concern for the “side effects” for emerging and developing countries from the interest rate hikes of the main central banks. “We ask that big governments pay more attention to the secondary effects of their rate hikes in emerging and developing countries, […]
Peruvian economy hits the brakes and grew 1.68% during November
After growing 2.01% in October, during November 2022, the national production of Peru slowed down and only rose by 1.68% compared to the same month of the previous year, as reported by the INEI. The result seen in the eleventh month of the year is explained by the good performance of sectors such as lodging […]
China gives top economic priority to boosting domestic demand
Top leaders, including President Xi Jinping, agreed to pursue stronger fiscal policy as well as a forceful monetary policy stance to ensure liquidity “wide” in the banking sector after concluding a meeting in which economic policy priorities for the coming year were established, state broadcaster CCTV reported on Friday. They also pledged to help private […]
UN asks the G20 for urgent measures in the face of a developing world crisis
The general secretary of the UN, Antonio Guterreswants the countries of the G20 take urgent action to contain the economic crisis in the developing world, which they say is being exacerbated by a “unfair global financial system”. This was stated by Guterres in a letter sent to the finance ministers and governors of the central […]
The great default? A dozen countries are in a danger zone
The traditional signs of a debt crisis, such as plummeting currencies, bond spreads of 1,000 basis points and disappearing foreign exchange reserves, point to a record number of developing countries now in trouble. Lebanon, Sri Lanka, Russia, Suriname and Zambia are already in default, Belarus is on the brink and at least a dozen others […]
Central bankers write requiem for inflation strategies
That was a key message from the president of the United States Federal Reserve, Jerome Powelland their European counterparts on Wednesday as they debated how to tackle persistent price pressures and slower growth. “I don’t think we’re going to go back to that low-inflation environment”said the president of the European Central Bank, Christine Lagardeat the […]
Repechage Qatar 2022: how would a possible qualification for the World Cup impact the Peruvian economy?
Peru managed to reach fifth place and its right to dispute the playoff for the World Cup Qatar 2022and although there are two and a half months left to play the final match, it is important to analyze the impacts that this long-awaited achievement would have. Overall impact on the economy of qualifying Qatar 2022 […]
The Russian economy, doomed to structural transformation and strong uncertainty
The Russian economy is headed for a large-scale structural transformation to cope with the impact of the unprecedented sanctions that the West has imposed on Russia for its military offensive in Ukraine, which implies a long period of strong uncertainty, the Bank of Russia. Russia closed 2021 with a growth of the Gross Domestic Product […]