The greatest impact of the phenomenon of The boy in the national economy and the deterioration of business confidence has caused the Central Reserve Bank of Peru (BCRP) to begin to reevaluate its growth projection of the Gross Domestic Product (GDP) for this year, which is located at 0.9 %. However, this figure could be […]
Tag: GDP
Elmer Cuba: “This year is lost. “The effects of El Niño must be lessened.”
All projections for Peru have had a downward bias—which pushes us to the weakest GDP variation in 20 years without counting the pandemic—and Macroconsult is no exception. In the opinion of Elmer Cuba, the political factor has already passed and it is urgent to give predictability to the market, considering that private investment will close […]
One in three Peruvians is poor, according to the World Bank
Inevitably, Peru is approaching its weakest GDP variation in the last twenty years—not counting the pandemic—considering that yesterday the World Bank lowered its growth expectation for 2023: 0.8% (in 2001 , the rate was 0.6%). The reason behind the economic slowdown is the political instability seen in the last year, according to William Maloney, chief […]
For the second year, Peruvian GDP would grow less than the region
After the ghosts of the pandemic dissipated, the Peruvian economy it will barely grow this year below 1.0% –and with strong downward biases due to the climate emergency, which could take it to 0%–. What explains the deterioration? The protests after the arrival of Dina Boluarte The Government Palace still has a dent in the […]
Eduardo Ferreyros: “The conditions are being presented for a second fishing season”
The industrial fishing sector has been facing its worst crisis in the last 25 years, due to climatic anomalies. In this context, Eduardo Ferreyros, president of the SNP, tells us about the perspectives of the sector, as well as the union’s position regarding the independence of Imarpe. -Do you share the request that the second […]
Government will not apply new taxes to mining companies
In a year where private investment in mining is expected to fall 18%, the Government of Dina Boluarte is playing its cards to keep business interest afloat – whose expectations have remained in negative territory for two and a half years – and they guaranteed that no They will violate the current tax collection scheme […]
US GDP grows 2.1% and increases unemployment benefit applications
The American economy maintained a fairly strong pace of growth in the second quarter, the Government confirmed on Thursday, and appears to have gained momentum in the current quarter amid a working market resistant. The Gross Domestic Product (GDP) increased at an unrevised annualized rate of 2.1% last quarter, the Commerce Department reported Thursday in […]
OECD reduced Peru’s GDP growth expectation to 1.1% for 2023
The Organization for Economic Cooperation and Development (OECD) revised downwards its estimate of Peru’s economic growth from 1.7% to 1.1% by the end of 2023. This adjustment is due to political uncertainty, Extreme weather events and high interest and inflation rates have been limiting private consumption and investment. “Regarding the development of Peru, we are […]
Non-working days in Peru increased 25% in 2 years
In the last two years, non-working days in the country have increased by 25%, as they increased from 12 to 16 holidays. In this way, formal workers enjoy 30 days of vacation and 16 holidays, which makes us the country with the most paid days off compared to the OECD and Pacific Alliance countries, despite […]
Mining revenue fell 43.6% so far this year
In a year where the weakest economic growth in two decades is expected – not counting the pandemic – and with little room for public spending, tax collection from economic activities continues to fall. At the end of August, the total of tax revenue fell 11.7%registering the most pronounced fall in mining and hydrocarbons (-43.4%), […]