The United States economy slowed its growth in 2022, after official data reported, this Thursday, April 28, a drop in gross domestic product (GDP) of -1.4% in the first quarter. US production has not fallen since 2020. In a report, the Department of Commerce pointed out that the factors behind the decline in the US […]
Tag: GDP
ECLAC reduced its estimate of economic growth in Peru to 2.5% in 2022
ECLAC reduced its growth estimate for Peru’s gross domestic product (GDP) for this year from 3% to 2.5%. This is due to inflationary problems, price volatility and the impact of the war in ukraine. For the same reason, the agency lowered its forecast for economic growth from Latin America and the Caribbean from 2.1% to […]
S&P downgrades Peru’s credit rating to “BBB”
The financial rating agency Standard & Poor’s (S&P) announced this Friday that it downgraded Peru’s long-term foreign currency debt rating from ‘BBB+’ to ‘BBB’, being the second lowest rating in investment grade. Among the rating agency’s arguments for this review is that the persistent political paralysis in Peru is weakening efforts to maintain solid investor […]
Chile’s GDP grew 11.7% in 2021, the highest increase on record
Chile’s gross domestic product (GDP) grew 11.7% during 2021, its largest increase since there is a record. The record result was driven by the gradual opening of the economy after the blow of the COVID-19 pandemic and the increase in demand derived from state aid, reported the Central Bank (BC). “This growth was a reflection […]
BCRP maintains its projection of economic growth at 3.4% for this year
The Central Reserve Bank of Peru (BCRP) today presented its new estimates and maintained the growth projection of the Gross Domestic Product (GDP) at 3.4% for this year, considering that there is uncertainty at the international level due to the conflict between Russia and Ukraine. By 2023, the expansion of the national economy would be […]
OECD: Russia’s invasion of Ukraine can subtract two GDP points from the EU and one from the world
The war in Ukraine will reduce the growth of the world economy by one point during the first year and the impact will be higher in the European Union (EU), where in the event of a complete interruption of energy imports from Russia the effect could be close to two points of GDP. This is […]
China projects to grow 5.5% in 2022, its lowest goal in more than 30 years
Chinese Prime Minister Li Keqiang announced last Saturday that the Asian giant’s growth target for this year will be around 5.5%, its lowest target for more than 30 years (since 1991). The new estimates from China, according to Li, are due to a “serious and uncertain” outlook in the context of the coronavirus, the real […]
INEI: the engines of economic recovery in 2021
The National Institute of Statistics and Informatics (INEI) reported yesterday that the Peruvian economy registered an increase of 13.31% during 2021. In detail, the sectors with the best performance were Accommodation and restaurants with 43.33%, favored by the reduction in curfew hours and greater capacity. And construction with 34.66% driven by the internal consumption of […]
BCP: Peruvian economy would grow around 2% in the first quarter of 2022
The Peruvian economy would grow around 2% in the first quarter of this year, according to the Economic Studies Area of the Banco de Credito del Peru (BCP). Among the reasons for reaching this figure, the financial entity warned that, in January of this year, the volume of non-traditional exports grew 8%, the public investment […]
Growth of 2021 in 13% and leaves base to advance in 2022
Today the National Institute of Statistics and Informatics (INEI) will publish the official figures of the evolution of the national gross domestic product (GDP) during 2021. The consensus of the economic agents is that the result would be 13%, which explains, in terms macroeconomicwhich managed to exceed pre-pandemic levels. According to the projections of the […]