The limited panorama that awaits national production at the end of the year is complicated by the prolonged social discontent towards the Government of Dina Boluarte and the lower business confidence. Palomino believes that the lack of control of the protests can stop sectors that did not materialize their recovery after the pandemic. ─Could the […]
Tag: GDP
Hugo Perea: “The economy has cooled more than we expected”
The Peruvian GDP will have a lower growth for this year —below 2%, according to local and foreign institutions. Perea takes a look at the conditions with which we entered the second half of a year hit by the political conflict, social discontent and climate emergency. —Was this scenario of technical recession foreseeable, as indicated […]
Peruvian economy stagnates and enters technical recession
The slowdown of gross domestic product (GDP) in recent months has led the national economy to return again to a technical recession, something that had not been seen since the pandemic, when there was a sharp contraction in economic activity as a result of the restrictive measures that paralyzed various sectors to prevent the spread […]
The doubts of the markets before the early elections in Spain
Spanish voters go to the polls on Sunday in an early national election in which no party is likely to reach a majority, augering uncertainty in the markets. Polls predict the conservative Popular Party (PP) will defeat the ruling Spanish Socialist Workers Party (PSOE), but will likely need the support of the far-right Vox party […]
Has Peru’s economy entered a technical recession? This is what the specialists say
In the last few hours, the newsrooms of all the media have begun to spread the possibility of a recession of the peruvian economyafter knowing the GDP figures in May released by the National Institute of Statistics and Informatics (INEI). What does a recession mean? In economic theory, a recession involves a period of at […]
INEI: economy fell 1.43% in May, the lowest rate in 2 years
El Niño Costero continues to have negative repercussions on the Peruvian economy. Yesterday, the National Institute of Statistics and Informatics (INEI) reported that national production fell 1.43% in May. Such a low rate has not been observed since February 2021 (-3.35%). Although this indicator was in the green in March (0.22%) and April (0.31%), plus […]
BCRP: Peruvian economy would have fallen in May due to strong contraction of the fishing sector
The Central Reserve Bank of Peru (BCRP) indicated that, according to advanced indicators on the economyit would be expected that the Gross Domestic Product (GDP) register a fall in May of this year. However, the official information would be released by the National Institute of Statistics and Informatics (INEI) this Saturday, July 15. “Regarding the […]
Government of Chile slightly lowers its growth forecast for 2023
The government of Chili lowered this Wednesday by one tenth its growth forecast for the economy for 2023 up to 0.2% and forecast that average inflation will reach 7.8% year-on-year amid the adjustment of local activity after the rapid post-pandemic recovery. By 2024, the Executive expects an increase in gross domestic product (GDP) of 2.5%while […]
Peruvian economy would have grown 0% in May, anticipates Sunat
The Peruvian economy would have had zero growth during May of this year, announced the National Superintendence of Customs and Tax Administration (Sunat). According to the entity, due to this performance, the collection June 2023 reached S/10,102 million in net tax revenue from the central government, discounting tax refunds. “The determining factors of the June […]
Agricultural sector collapses and its GDP falls by 20% due to the climate crisis
The agricultural sector continues to deal with the devastating consequences of the crisis that it went through during the second half of 2022 and the first months of this year, due to climatic phenomena such as extreme droughts and irregular rainfall. These weather events have caused an unprecedented collapse in this subsector, evidenced by the […]
