“Talking, reaching an agreement is something as simple as it is so impractical in recent months,” said Dina Boluarte when she was sworn in as president of Peru a year ago, questioning the secrecy of her predecessor Pedro Castillo. The dialogue seems not to have transcended enough to straighten our course because the economic indicators […]
Tag: GDP
BBVA: Peruvian GDP will fall 0.4% this year
BBVA Research continues to adjust downwards its growth projection for the Peruvian economy. It now foresees a drop in GDP of 0.4% – previously it expected an advance of 0.4% – and a rebound of 2% and 3.5% for 2024 and 2025, respectively. This analysis responds to the “surprising” drop in national production in the […]
More than 50% of informal workers do not believe in formalization
Informality is an endemic evil that affects 7 out of 10 Peruvians – according to the INEI – and has dented growth ambitions, since more than half of businesses outside the formal sphere consider that regulation does not bring them benefits, according to the World Bank. In detail, approximately 50% of informal workers believe that […]
BBVA: GDP will fall 0.4% in 2023 and there will be a 2% rebound in 2024
He BBVA Research has revised its growth projection for the Peruvian economy downwards. Thus, It predicts that 2023 will close at -0.4%, when the previous quarter there was still talk of growth of 0.4%. Along these lines, the 2024 figure was adjusted from 2.3% to 2%. The factors that were considered for this revaluation were […]
Moody’s: Mine closure impacts Panama’s deficit and growth outlook
The rating agency Moody’s said this Wednesday that the cancellation in Panama of the exploitation contract of the largest open pit copper mine in Central America, “makes it very likely” that the Central American country does not meet the deficit objective this year and in 2024 and that it affects the growth perspective of the […]
Free and CTS: keys to growing your extra money in the face of the recession
Beyond the ills that afflict the country, the end of the year is usually a period of high commercial flow because a part of Peruvians, in addition to their salary, receive Compensation for Time of Service (CTS) and the December bonus. Now that the panic over the coronavirus has dissipated, the prudent thing now is […]
Tax pressure would fall to historic lows of 15%
The Ministry of Economy and Finance (MEF) has estimated that Peru’s tax pressure (ratio between tax revenue and GDP) will fall from 16.8% in 2022 to less than 15% in 2023, due not only to the recession in course, but to multiple bills promoted from the Congresswhich have eclipsed the country’s fiscal accounts. Miryam Yepes, […]
Private investment accumulates five negative quarters
Between July and September of this year, private investment was S/27,722 million, which meant a decline of 6.2% compared to the S/29,567 million disbursed in the same period of 2022, according to the weekly note from the Central Bank of Reserve of Peru (BCRP). In this way, the private investment accumulates five consecutive quarters of […]
Unemployment worsened in 25 cities in the interior
At the end of the third quarter of 2023, employment in Peru did not show signs of recovery compared to the same period of the previous year; quite the contrary, The situation worsened in 25 cities. Only in Metropolitan Lima did unemployment decrease. In detail, Moquegua registered the highest unemployment rate, going from 6.6% last […]
Natural disasters will be attacked with S/6,000 million
Congress has until November 30 to approve the Public Budget for fiscal year 2024, and before starting the debate in plenary, the ministers of Dina Boluarte’s administration presented their margins of action for a year that would be marked, once again, by the phenomenon of The boy. In total, the Initial Opening Budget (PIA) for […]
