The head of the Ministry of Economy and Finance (MEF), Alex Contrerasacknowledged this Tuesday, October 10, that The Peruvian economy is going through a difficult time, which makes its reactivation difficult. “The macroeconomic scenario has become complicated. The numbers for August and September do not show a recovery and, in that sense, it is essential […]
Tag: GDP
September collection was the second worst in 2023
In September, tax collection recorded its second largest drop so far in 2023 (-18.7%), only surpassed by that obtained after the ravages of Cyclone Yaku in April (-26.8%), and there are no signs of improvement for the last quarter of the year. In the annual snapshot, the decline between January and September amounts to -14.3%, […]
More than 9 million Peruvians will remain in poverty until 2028
The pandemic left 30.1% of Peruvians in poverty — 9.8 million people, considering that there are more than 33 million of us — and the pace at which our economy is developing is not enough to reduce this indicator. By 2028, 27.8% of the population would be in monetary povertyaccording to BBVA Research, after 2023, […]
Puno’s GDP collapses in two consecutive semesters
The Gross Domestic Product (GDP) of the Peru has experienced a decline of 0.5% in the first half of the year, according to the Institute of Economy and Business Development (Iedep) of the Lima Chamber of Commerce. In the regional panorama, Puno is in a critical situation and leads the decline at the national level. […]
BCRP: “Business confidence is not being recovered”
Like every month, the Central Reserve Bank (BCRP) conducted a survey of businessmen to find out their perception of the Peruvian macroeconomy: the results are inauspicious and reflect pessimism facing what is coming. “Based on this information, it is seen that business confidence is not recovering and rather there has been a deterioration in the […]
MEF on August GDP: “There has been a greater deterioration in economic activity”
The head of the Ministry of Economy and Finance (MEF), Alex Contreras, pointed out that in August, the peruvian economy It would not have had the expected performance and, on the contrary, a deterioration in national production would have been observed. “Compared to what we anticipated in August, there has been a greater deterioration in […]
BCRP: GDP growth of 0.9% for this year would have a downward bias
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 […]
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 […]
