Moquegua is one of the smallest regions of Peru. However, in this territory of less than 4,000 square kilometers, with burning sun and good avocados, the best salaries in the country are paid in the formal private sector. An investigation of weekly meeting, from the San Pablo de Arequipa Catholic University, determined that payroll workers […]
Tag: GDP
MEF maintains a growth forecast of 2.5% in 2023 despite the impact of the El Niño Phenomenon
Despite the possible effects of an El Niño Phenomenon towards the last part of the year, the Minister of Economy and Finance, Alex Contreras, maintained the Peruvian GDP growth forecast at 2.5% for 2023, a figure that was anticipated a year ago. month. In dialogue with RPP Noticias, the head of the MEF acknowledged that […]
LatinFocus: Peruvian manufacturing will grow more than the regional average and will advance 1.1% in 2023
The Peruvian manufacturing will register a growth of 1.1% this year, exceeding the regional average that will be located at 0.3%, the panelists estimated in their May 2023 report of the FocusEconomics Consensus Forecast LatinFocus. Next year, Peruvian manufacturing will expand 1.8%; 1.9%, 2025; and 2.1%, in 2026. Meanwhile, the Latin American average will advance […]
Chile and the keys to its new lithium and copper policy
The leftist government gabriel boricwhich seeks resources for its ambitious social programs in Chilioutlined a new mining policy that arouses special interest in the future of the lithiumalso called white gold, vital in the transition towards clean energy. Chile thus increased taxes on the exploitation of copper, a metal of which it is the world’s […]
Velarde describes GDP growth in Peru as “mediocre”: how much would the economy reach in 2023?
The president of the Central Reserve Bank of Peru (BCRP), Julio Velarde, pointed out last Friday that the estimated growth of the Gross Domestic Product (GDP) in Peru is “mediocre”; however, it is located in a better position compared to the rest of the countries in Latin America. Along these lines, he warned that the […]
Julio Velarde: “Improvement of expectations is being very slow”
Since January of this year, business expectations have improved, but at a snail’s pace, despite the ravages of inflation, social unrest and natural disasters caused by the passage of the Cyclone Yaku. At the end of May, of 18 indicators, eight are in the optimistic rangeaccording to the survey carried out by the Central Reserve […]
The UK will not enter a recession in 2023, according to the IMF
He United Kingdom will avoid entering a recession in 2023 and its economy is expected to maintain a “positive growth”indicated this Thursday the International Monetary Fund (IMF) in an update on the outlook for the country. However, the body admitted that the growth outlook for the UK is “moderate” when estimating that the increase will […]
BCRP: annualized current account deficit falls to 2.9% of GDP in the first quarter
He Central Reserve Bank of Peru (BCRP) reported that andhe annualized deficit of the current account of the balance of payments fell to 2.9% in the first quarter of 2023, 0.3 percentage points lower than that registered in the same period last year. This evolution responded to lower profits of companies with foreign direct investment […]
The world economy loses trillions in the years after El Niño
The economic consequences of The boy they can persist several years after the phenomenon itself and cost billions in lost income worldwide, indicates a study published today by Science. In years when it occurs, El Niño triggers far-reaching climate changes that cause devastating floods, crop-killing droughts, plummeting fish populations and a surge in tropical diseases. […]
INEI: more than 9 million Peruvians remain submerged in poverty
According to the National Institute of Statistics and Informatics (INEI), almost a third of Peruvians closed 2022 in the monetary poverty absolute, a situation that reflects the increase in precariousness in Peruvian households. And it is that, despite the macroeconomic bonanza that catapults us as one of the most solid countries in the region, poverty […]
