The month of April has been a carbon copy of March in terms of problems, opportunities and hopes for recovery for businessmen. According to the latest Survey of Macroeconomic Expectations of April 2023, designed by the Central Reserve Bank of Peru (BCRP), the forecasts for the sector that moves the strings of the economy remained […]
Tag: GDP
Collection fell in April in a sign of cooling of the GDP
In April, S/16,532 million were collected in net tax revenue —discounting tax refunds—, according to Sunat. The figure shows a contraction of 26.8% compared to what was registered in the same month last year. In general terms, comparing what was captured in the first four-month period of both periods, there would be a threshold of […]
Poverty rises and affects almost a third of Peruvians
He Executive confirmed what was an open secret: poverty increased during 2022, after no progress was made in terms of reducing and fighting this scourge. Thus, the number of citizens in a situation of vulnerability rose compared to the previous year (2021), where it was estimated that more than 8 million Peruvians were still precarious. […]
Optimism of the MEF is not felt in homes in the country
This past week, the Government, through the Ministry of Economy and Finance (MEF), reduced the estimated GDP growth for this year from 3.5% to 2.5%. Likewise, the private investment (a key indicator) would close, for the second consecutive year, with a fall of 0.5%. Despite this lower growth, Alex Contreras, head of the MEF, stressed […]
Fitch Ratings maintained Peru’s rating at ‘BBB’ with a negative outlook
Fitch Ratings decided maintain the BBB rating with a negative outlook for Peru. According to the international agency, credit risks remain high amid weakening governance, political stability and growth prospects, which will be challenging for the country. “Deep-entrenched governance challenges and growing political uncertainties will continue to impede reform and policy initiatives and undermine prospects […]
CCL: economy would grow only 2% due to slowdown in four sectors
The Institute of Economics and Business Development (IEDEP) of the Lima Chamber of Commerce (CCL) aligned itself with the other institutions and revised downward the growth of the Peruvian economy for 2023, from 2.4% to only 2%. This lower projection is supported by the meager performance of the Domestic Gross Product (GDP) during the first […]
Causes and consequences of India becoming the most populous country in the world
India will probably become the most populous country in the world, surpassing Chinaby mid-2023, according to the latest projections of the UN published this wednesday; a position he could hold for centuries. But what is it due to and what consequences will this change have? What are the demographics? According to UN estimates, India will […]
Disagreements for the 30 years of the economic model in Peru
Establishing a constituent assembly to modify the current magna carta, which is on its way to 30 years of validity, motivated the population, especially in the south of the country, to take to the streets as a sign of discontent. About, Waldo Mendozaformer head of the Ministry of Economy and Finance (MEF), confirmed the benefits […]
Chinese economy recovers and advances 4.5% in the first quarter of 2023
The chinese economy it advanced 4.5% in the first quarter of 2023 compared to the results of the same period of the previous year. Growth was driven by the country’s economic resumption after the end of restrictions to control the spread of COVID-19, according to data released by the Asian nation’s National Statistical Office (ONE). […]
GDP fell 0.87% in the first two months of this year
The economy is still in the negative section. After the 1.2% drop seen in January —after almost two uninterrupted years in the green—, in February, production fell 0.63%, according to the National Institute of Statistics and Informatics (INEI). Thus, during the first two months of this year, the GDP contracted 0.87%. contracted sectors The low […]