So far this year, Peruvian agro-exports have lost around US$300 million as a result of the persistent social unrest in the country, and this figure could increase due to Cyclone Yaku, which affects almost 20 regions, and an eventual phenomenon of coastal childaccording to Gabriel Amaro, executive director of the Association of Agricultural Producers Guilds […]
Tag: GDP
Julio Velarde foresees a drop of more than 4% in GDP in January due to protests
Julio Velardepresident of the Central Reserve Bank (BCR), estimated a drop of more than 4% in gross domestic product (GDP) last January, due to the social protests that devastated the country. During Peru Day at the PDAC 2023 mining convention, the head of the Peruvian issuing entity said that, in December 2022, this impact on […]
Peruvian economy would grow 3.1% this year, according to the MEF
Expectations. Private investment is expected to pick up 3% after a “pretty mediocre” decade. There are 16 projects in Proinversión for US$3,000 million to boost GDP. Stable commodity prices and a Chinese recovery will also help. After growing less than expected in 2022, the Ministry of Economy and Finance (MEF) estimates that this year the […]
Peru grew less than expected: 2.68% in 2022
Deceleration. During December, national production reached 0.86%, its lowest figure since February 2021. Sociopolitical conflict has not yet been fully reflected in the indicators. Fishing production closed the year with a fall of 13.74%. Despite the elimination of almost all the sanitary restrictions required by the coronavirusthe Peruvian economy failed to grow as expected during […]
IMF sees Peru with more pessimism: economy will now grow 2.4% this year
“The prospects are very uncertain,” they warn. Political uncertainty, social unrest and natural disasters put national activity in check. He International Monetary Fund (IMF) revised downward its outlook for Peruvian economic growth for this year, now placing it at 2.4%. Before, the global front expected GDP to close 2023 at 2.7%, but they acknowledge that […]
Collection fell almost 4% in January and has been in the red for three consecutive months
Low start to the year. Lower economic growth and tax facilities granted by the Government to mitigate the impact of the protests on the mypes influenced the result. In January of this year, the tax revenues of the National Government reached S/13,387 million, which represents a drop of 3.8% compared to the same month last […]
Credit outlook and GDP of Peru at risk due to political crisis
Uncertainty. Moody’s warns that it would lower its rating if it persists instability. Economic growth would also fall The social outbreak and the lack of consensus in Congress to determine the date of the new general elections have caused risk rating agencies and multilateral organizations to pay special attention to our country. Thus, the international […]
US GDP recovered 2.1% in 2022
Advance. In a scenario of moderate and low inflation unemploymentthe US economy continues to grow. The US economy advanced 2.1% during 2022 compared to 2021, According to the first calculation of the annual gross domestic product, made by the Bureau of Economic Analysis (BEA). It is so that the GDP The US advanced 0.7% compared […]
Daniel Barco: “We project a rate of 2.6%, but we will probably have to review it”
The World Bank’s senior economist in Peru assures that “political volatility materializes downside risks in the Peruvian economy.” From the World Bank they describe the virtues and complications of our market in the midst of a sociopolitical crisis, in a year where the economy weighed down by external and internal attacks, it would grow less […]
The United States economy slowed down and grew 2.1% in 2022
The result of last year in the North American country represents a decline of 3.8% compared to the advance of 5.9% registered in 2021. The economy of USA grew 2.1% in 2022 driven by the 0.07% increase in Gross Domestic Product (GDP) in the fourth quarter of the year, as reported this Thursday by the […]