Peru, in recent years, has been a melting pot of misfortunes. Political and social struggles and even Mother Nature have not ceased to agitate her fiercely. Although people do not eat GDP – an indicator defended by a political sector as a barometer of well-being – the prospects are grey: we would grow below 2% […]
Tag: GDP
BCRP: dollar closes at S/3.6260 and completes 5 months of decline
The dollar closed in June at S/3.6260, its lowest level in more than two years. The last time it scored a similar value was on April 15, 2021, when it reached S/3.6280, according to the Central Reserve Bank of Peru (BCRP). In this way, the us currency it completed five consecutive months of decline and […]
Support of S/ 2,000 million will only reach 6% of mypes in the country
The support of S/ 2,000 million announced by the government to micro and small companies (mypes) in the country, it will only favor 6% of themthat is, about 140,000, when at the national level there are 2,300,000 and in La Libertad 160,000, the dean of the College of Economists of La Libertad told La República […]
Why is it urgent to formalize the artisanal fishing of squid, an activity that moves 850 million dollars a year?
In the economy of Peruartisanal fishing is one of the most important sectors that also moves the livelihood of thousands of families, since the artisanal fishing of squid is the second most important fishery in the country, after the anchovy. Proof of this is that it has produced, for many years, more than 50% of […]
BBVA Research: the Peruvian economy will grow 1.6% this year
BBVA Research’s projections for the Peruvian economy are the lowest: they reduced GDP growth for this year from 1.9% to 1.6%. By 2024 they no longer expect a rate of 3.0%, but one of 2.6%. Hugo Perea, chief economist at BBVA Research, predicts that, after the contraction of the first quarter, “the outlook does not […]
Peru only surpasses Argentina and Venezuela in economic performance
Peru’s economic performance is better only when compared to Argentina and Venezuela at the regional level, according to the recent World Competitiveness Rankingprepared by the Centrum PUCP and the Institute of Management Development (IMD) of Switzerland. The decline in this indicator is significant, considering that we went from position 40 to 53 in one year. […]
Verónica Frisancho: “Growth would recover, but not from previous years”
Within the framework of the presentation of the Economy and Development Report (RED22) of CAF, the Knowledge manager of this institution gives her macroeconomic vision of Peru, in a context in which the national GDP registered a fall of 0.24% in the first quarter and several institutions have been lowering their perspectives. —How does CAF […]
GDP would grow just close to 2% during this 2023
For the economy to close at 2.5% this 2023, as expected by the Ministry of Economy and Finance (MEF), it would have to grow 3.8% in the remaining months, which is “practically impossible”, according to the economist Luis Arias Minaya. Despite the El Niño phenomenon, the head of the MEF, Alex Contreras, maintains an optimistic […]
BCRP cuts Peruvian GDP growth forecast from 2.6% to 2.2% in 2023
He Central Reserve Bank of Peru (BCRP)) in June reduced its growth forecast for the Peruvian economy from 2.6% to 2.2% in 2023, due to weather factors that hit the fishing and agriculture sectors. For 2024 it remains at 3%. The president of the BCRP, Julio Velarde, explained that the social protests in the first […]
Peruvian GDP down: it fell 0.24% from January to April
The Peruvian economy grew just 0.31% during April of this year, as a symptom of the cooling of national production, considering that in the accumulated since January there is a contraction of 0.24%. The reasons? The arrival of El Niño Costero severely impacted the coast and mountains, precisely sectors such as agriculture, which plummeted 14.21% […]
