The Executive of Argentina sent to Parliament the 2024 Budget bill, which assumes a primary deficit -0.9% of GDPa fiscal improvement compared to this year, as the first step to lower inflation, which is expected to be 70%, in an economy that will grow 2.7% next year. “We want to get the deputies to discuss,” […]
Tag: GDP
GDP fell in 15 departments during the first semester
During the first half of this year, the Peruvian economy was influenced by social conflicts and climatic events. These socio-environmental conditions played a decisive role in the 0.5% decrease in production nationwide, with an even more significant contraction in most departments. According to the National Institute of Statistics and Informatics (INEI), in the first six […]
Chile, OECD country where corporate tax contributes the most to taxation
Chili is the country of OECD in which corporate tax contributes the most to total tax revenue, 24.3% of the total with 2020 data, followed by Colombia (23%) and Mexico (20.1%). They are the only members in which corporation tax (which taxes company profits) represents more than twenty% of total tax revenue, indicates the Organization […]
Footwear industry has only recovered 50%
One of the most lagging sectors after the pandemic and the onslaught of Cyclone Yaku is the footwear and leather industry, which has only been reactivated by less than 50%. At the national level, companies are working at 20% or 30% of their productive capacity, warned Vladimir de la Roca, president of the Chamber of […]
Tax revenues would fall 6.3% in 2023, predicts the MEF
The Government’s tax revenue at the end of 2023 would amount to S/206,492 million, which would imply a contraction of 6.3% in real terms compared to the previous year, according to the projections of the Ministry of Economy and Finance (MEF) in its Macroeconomic Framework Multiannual 2024-2027. This drop will occur despite the fact that […]
ECLAC: Latin American economies face complex scenario and low growth
The Economic Commission for Latin America and the Caribbean He assured on Tuesday that the prospects are complex and expects low regional growth to continue for at least the next two years, following the same path as a large part of the world’s most advanced economies. The Gross Domestic Product (GDP) would grow in the […]
With S/9,300 million they seek to reduce precariousness
Dina Boluarte’s management plans to inject S/9,307 million for social protection over the next year: 19% more than registered in the Opening Institutional Budget (PIA) of 2023, and little more than double that of a decade ago. The main objectives of this specification are to increase the coverage of programs such as Pensión 65, Contigo, […]
USA. lowers its growth estimate for the second quarter by one tenth
The economy of USA it grew 0.5% in the second quarter of this year compared to the previous quarter, one tenth less than estimated last July, when the advance data for gross domestic product (GDP) was published. The Bureau of Economic Statistics (BEA) published this Wednesday the first revision of the indicator, the second of […]
MEF reduced its projection of economic growth for this year from 2.5% to 1.1%
The Peruvian economy will close this year with a growth of just 1.1%, according to the Multiannual Macroeconomic Framework 2024-2027 published this Tuesday, August 29 by the Ministry of Economy and Finance (MEF). The reasons behind the reduction in GDP for 2023 — previously set at 2.5% — are the social protests seen at the […]
Kurt Burneo: “The first impact of lower growth will be on employment”
In August, the Ministry of Economy and Finance (MEF) confirmed the downward bias that the GDP will have at the end of 2023, with indices that will be around 1.5%, although other agents place it between 0.8% and 2. 2%. The professor and former head of the branch Kurt Burneo points out that the monetary […]
