The Area of Economic Studies of the Credit Bank of Peru (BCP) reported that if the protests and roadblocks continue in various parts of the country, the projection of GDP growth that it had estimated for this year at 2.3% will face downward risks. On the other hand, the BCP projected that the Central Reserve […]
Tag: GDP
Peruvian economy hits the brakes and grew 1.68% during November
After growing 2.01% in October, during November 2022, the national production of Peru slowed down and only rose by 1.68% compared to the same month of the previous year, as reported by the INEI. The result seen in the eleventh month of the year is explained by the good performance of sectors such as lodging […]
Peru would lead growth in the region during 2023
The gross domestic product (GDP) of Peru it would grow between 2.3% and 2.5% in 2023 and would position itself as the economy with the best performance in the region, according to forecasts by Credicorp Capital and BBVA Research. For this year, both entities agree that the advance will not be greater than 3% (between […]
BBVA Research maintains Peru’s growth forecast for 2022 at 2.3% and cuts it to 2.5% for 2023
The BBVA Research maintains at 2.3% the Peru growth forecast by 2022. The slowdown is driven by the high level of uncertainty in global economic agents due to increases in interest rates by central banks and an imminent recession in the main world economies. “It cannot be ruled out that this year’s growth will be […]
SNI: creation of macro-regions would allow the generation of 3.2 million formal jobs by 2031
The creation of macro-regions, taking into account the geographical proximity and the connection at the level of economic corridors of the country’s departments, would generate around 3.2 million direct formal jobs by 2031. A) Yes, the figure would go from seven million in 2021 to 10.2 million jobs in the next nine yearsaccording to Jesús […]
The US economy contracts -1.4% in the first quarter of 2022
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 […]
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 […]