Less than two months before the end of 2023, the peruvian economy It does not show clear signs of recovery and is on track to record its third consecutive quarter of decline. And, after having registered falls in the first (-0.4%) and second quarter (-0.5%), the Central Reserve Bank of Peru (BCRP) predicts that in […]
Tag: GDP
BCRP: Peruvian economy would accumulate its third consecutive quarter of decline
After in the first and second quarters of this year the Peruvian economy has registered falls of 0.4 and 0.5%, respectively; Everything indicates that in the third quarter there would also be a contraction of the Gross Domestic Product (GDP), as indicated by the Central Reserve Bank of Peru (BCRP). “With recent information, possibly in […]
Government aims to unblock US$46,657 million from mining
Faced with the inevitable freezing of the Peruvian GDP to the detriment of the population – hit for a long time by the inflation and loss of purchasing power–, the Government of Dina Boluarte launched the Unidos plan, a program that seeks to reactivate the economy by injecting resources to the productive sectors and modifying […]
100% of the CTS could be available until 2024
According to current regulations, workers have until December 31 of this year to withdraw 100% of their Compensation for Time of Service (CTS); However, in Congress they are seeking to extend the period for 12 months. Yesterday, the Labor and Social Security Commission approved by majority an opinion contained in bills n° 5009/2022-CR, n° 5185/2022-CR […]
Long-term business confidence deteriorates
In a context in which the president Dina Boluarte traveled to the US with the intention of attracting investments to Peru, the latest survey carried out by the Central Reserve Bank of Peru (BCRP) reveals that business confidence for the short and long term deteriorated in Octobermonth in which the Ministry of Economy and Finance […]
Peruvian savings slowed in the third quarter
People’s savings in banks and financial institutions lost strength in the third quarter of 2023, according to Scotiabank’s recent economic report. Although there is growth in the sector due to the rise in term deposits – even to historical levels – in savings accounts, which account for 50.5% of total savings, they do not stop […]
Brazilian agribusiness, source of strength and controversies
With its vast production of soy, meat, cotton and now too corn, Brazil has emerged as a world power in agribusiness, a thriving sector that at the same time garners criticism, especially for deforestation in the Amazon. The Ministry of Agriculture recently announced it: the value of Brazilian agricultural production is expected to reach a […]
United States economy grows 4.9% year-on-year in the third quarter
He gross domestic product (GDP) of USA advanced 1.2% in the third quarter, which represents a rebound in growth, according to data published this Thursday by the Bureau of Economic Statistics (BEA), which reported that the annual rate was 4.9%. With these figures, the world’s leading economy leaves behind the slowdown of the second quarter […]
Minister of Economy: “October is coming a little better than September”
After having admitted that Peru is in a recession, the head of the Ministry of Economy and Finance (MEF), Alex Contreras, gave an interview to The Republic and pointed out that this new scenario is due to the fact that there was a “deviation” in the economic projections for July and August, months in which […]
Peruvian GDP would grow only 0.1% in 2023, according to The Economist
The Gross Domestic Product (GDP) of Peru will grow only 0.1% during 2023, after an advance of 1.5% in the last quarter, while the inflation annualized would reach 6.5%, according to The Economist. According to the British media, the Mexico region would lead growth with an advance of 3.1%, followed by Brazil (3.1%) and Colombia […]
