The National Institute of Statistics and Informatics (INEI) reported that, during February of this year, national production decreased by 0.63% as a result of the negative evolution of the agricultural, manufacturing, construction, telecommunications and financial sectors. This way, in the first two months of 2023, the Peruvian economy fell by 0.87% and in the annualized […]
Tag: GDP
BCRP: economy stagnated in the first quarter of 2023
For much of 2022, the Peruvian economy, despite continuing in the positive tranche, tended to slow down. The social conflicts after the failed coup d’état by Pedro Castillo and the police repression of the Dina Boluarte regime before the clamor of a constituent assembly meant that in January of this year the GDP fell 1.12%, […]
Collection fell 14.7% in March due to no progress in GDP
During March of this year, S/15,239 million were collected in net tax revenues -discounting tax refunds-, Sunat recently reported. In year-on-year terms, there is a fall of 14.7% compared to the same period last year. Why were fewer resources captured? According to the collecting entity, the GDP for February would have stagnated after falling 1.12% […]
Peruvian economy would grow 2% in the second quarter of 2023, forecasts the BCP
The peruvian economy closed with negative figures the first quarter of 2023 and fell 1.1%, thus added four consecutive months of contraction as a result of Cyclone Yaku and social conflicts. However, he would recover in the second, he stressed Carlos Prietomanager of the Economic Studies Area of Banco de Crédito del Perú (BCP). “Before […]
MEF: Peruvian economy would have grown only 0.5% in the first quarter due to rains and social conflict
2023, to date, has been a year of great challenges for the Peruvian economy due to social conflicts and natural disasters. This scenario has changed the growth expectations for the country managed by the Ministry of Economy and Finance (MEF) for the first months of this year, according to the holder of said portfolio, Alex […]
BCRP reduced GDP growth to 2.6% and private investment would now fall 0.5%
Due to the economic impact of the protests and the intense rains caused by Cyclone Yaku, the Central Reserve Bank of Peru (BCRP) revised downward its macroeconomic projections for 2023. Thus, the monetary entity reduced from 2.9% to 2.6% the growth of the Gross Domestic Product (GDP) for the current year. This expected lower dynamism […]
BCRP reduced its estimate of GDP growth from 2.9% to 2.6% for this 2023
The Central Reserve Bank of Peru (BCRP) reduced its projection of economic growth for 2023 from 2.9% to 2.6%. This lower performance of the Gross Domestic Product (GDP) would be explained by the impact of social conflicts and the rains recorded in the second week of March. However, by 2024 the national economy is expected […]
Cyclone Yaku will limit economic growth
In January of this year, the Peruvian economy intensified its slowdown and fell 1.12% due to the social demonstrations that began since Dina Boluarte came to power, according to the National Institute of Statistics and Informatics (INEI). Given the eventual phenomenon of El Niño Costero that would unleash the passage of Cyclone Yaku through our […]
Argentina’s GDP grew 5.2% in 2022 and contracted 1.5% in the fourth quarter
gross domestic product (GDP) of Argentina accumulated an advance of 5.2% last year, well below the rebound of 2021, and registered a contraction of 1.5% in the fourth quarter of 2022 compared to the third quarter, official sources reported this Wednesday. That of the fourth quarter is the first negative quarter-on-quarter variation in GDP since […]
More than S/8,232 million to reactivate GDP
He Executive power sent to the Congress of the Republic a bill that approves supplementary credits that exceed S / 8,232 million and will be used, mainly, to finance the economic reactivation of families, regions and sectors affected by the current local context. The proposal details that it is necessary to incorporate more than S/2,013 […]