In May, economic activity had a vigorous rise of 5.04%, compared to the same month in 2023 (period in which it contracted -1.43%). A month ago – April – GDP also grew by 5.28%, according to data from the National Institute of Statistics and Informatics (INEI). Although these are expansion rates not seen in 30 […]
Tag: GDP
With the economy slowing, Chinese are cutting back on their lifestyle
Faced with the economic slowdown, many Chinese They are taking steps to reduce their lifestyle, cooking at home instead of eating out, saving more or limiting their vacations. “This year, both businesses and individuals are really feeling the economic pressure”Yu Qi, a 55-year-old insurance employee, told AFP. China’s economic growth slowed again in the second […]
Economy grew 5.04% in May, driven by fishing
The national Gross Domestic Product (GDP) recorded a year-on-year growth of 5.04% in May compared to the same month in 2023, according to the National Institute of Statistics and Informatics (INEI) in the technical report National Production. This result was mainly driven by fishing, a sector that increased by 329.16%. Also notable during May were […]
Julio Velarde: Tia Maria will impact GDP starting in 2025
The BCRP president says that the reactivation of the mining project will improve investor confidence. However, the Southern operation does not have the full acceptance of Valle del Tambo. Join the Whatsapp channel The confirmation of Southern Peru’s activities in Tía María is good news for the local economy, according to Julio Velarde, president of […]
GDP grew 5.28% in April, its highest level since December 2021
The increase in national production was due to the progress of the Agricultural and Manufacturing sectors, but Mining and hydrocarbons, Financial and Accommodation and restaurants fell. Join the WhatsApp channel The Gross Domestic Product (GDP) of Peru grew 5.28% in April 2024 compared to the same month of the previous year, thus recovering the previous […]
Counterfeit electrical products generate losses of almost 1% of GDP
The piracy of cables, wires and switches generates millions of soles in annual losses for the country, in addition to eliminating around 200,000 formal jobs. Join the WhatsApp channel The marketing of counterfeit electrical products generates annual losses for the country of up to S/ 9,709 million, according to a study carried out by DEE […]
World Bank predicts GDP growth of just 2.9%
The latest report from the World Bank, which will be public from today, June 11, presents a slight upward revision of the Peruvian economy in 2024. Thus, it estimates an advance of 2.9%, when in April it forecast 2.5%. “Peru will grow, according to projections, 2.9% in 2024 and 2.6% in 2025“, since the decrease […]
GDP grew 1.4% in the first quarter: public investment expanded 39.9% year-on-year
Likewise, the components of private spending recorded better results than in the previous quarter, in a context of absence of social conflicts such as those observed in the first quarter of 2023, and a lower incidence of inflation. Join the WhatsApp channel Quarterly GDP recorded expansion for the first time since 2022, increasing by 1.4% […]
“We need true national entrepreneurs, not short-term financiers”
—Do you agree that there is a loss of technical management of the economy? —It is a sterile and banal discussion. We must abandon those antagonistic visions; Likewise, overcome the fiscal dominance that existed until the beginning of the nineties and the monetary dominance that followed later. The BCRP should worry not only about inflation […]
Mining, tourism and agriculture, sectors that Ecuador should promote according to the World Bank
The formal mining and environmentally responsible, tourism and agriculture are the three sectors with the greatest potential identified by the world Bank so that Ecuador diversify your economy and maintain sustained and resilient growth that allows you to create employmentreduce poverty and become a high-income country, all accompanied by changes that encourage innovation and competitiveness […]