The International Monetary Fund maintained its growth forecasts for Peru at 2.5% for this year and 2.7% for 2025. And, although the economy “is recovering” after the effects of the El Niño phenomenon and the social unrest of early 2023, the IMF recognizes that the “persistent political uncertainty” decreases “the appetite to carry out the […]
Tag: GDP
GDP fell 0.28% in March: how does it impact the household economy and what are the projections?
After two consecutive months of growth, the National Institute of Statistics and Informatics (INEI) reported that national production in March of this year registered a decrease of 0.28% compared to the same period of the previous year. However, productive sectors such as mining and hydrocarbons, commerce, transportation and accommodation and restaurants showed a slight increase. […]
Peruvian GDP fell 0.28% in March: its lowest level so far this year
In March, the Peruvian GDP registered a contraction of 0.28%, according to the National Institute of Statistics and Informatics (INEI). The rate is 0.09% less than in the same month of 2023. The result is explained by the fall in sectors such as fishing (-32.48%), manufacturing (-9.63%), construction (-2.48%), telecommunications and other information services (-0.93%) […]
MEF will increase public spending until 2028 due to low private investment
A week after requesting the departure of Carlos Oliva from the presidency of the Fiscal Council – an institution that ensures the transparency of public finances – the Ministry of Economy and Finance (MEF) updated its GDP growth forecast to 3.1% for 2024, but with a strong deficit component that will force it to launch […]
MEF updates the GDP projection in 2024 to 3.1%, but will break the fiscal rules
The Ministry of Economy and Finance (MEF) updated the growth projection of the Peruvian economy for this year to 3.1%, from the 3% forecast in the Multiannual Macroeconomic Framework 2024-2027, published in August 2023. At the end of the first quarter of 2024, the MEF’s Macroeconomic Projections Update Report (IAPM) attributes this development in GDP […]
The United States GDP grew only 1.6% in the first quarter of the year
The president of the Federal Reserve (Fed), Jerome Powell, has acknowledged slower than expected progress and that the 1.6% GDP growth in the United States during the first quarter of the year is below analysts’ expectations. , who expected an increase of 2.2%. However, despite the fact that the figure shows a decrease of 1.8 […]
The Peruvian economy will not take off in 2024
Both the Ministry of Economy and Finance (MEF) and the Central Bank (BCRP) anticipate that the GDP will rebound, after the recession, to 3% this year. Yesterday, The International Monetary Fund (IMF) reduced its projection from 2.7% to 2.5%; and, although its report does not delve into the defects and challenges facing the Peruvian economy, […]
Spanish tourism sector plans to break records again in 2024
He tourism in Spain, second world destination, is going to break its 2023 record this year, according to the Exceltur employers’ association, while expressing its “worry” due to the growing protests against the excess of visitors. The tourist GDP of Spainfor the first time it would exceed 200,000 million euros” (almost US$ 213,000) in 2024, […]
IMF: the Peruvian economy will grow 2.5% this year
Global organization reduced its projection on national GDP by 2 percentage points. At the regional level, Argentina will be the only one with a negative result. Price of the dollar in Peru: what is the exchange rate for this Tuesday, April 16? CTS Withdrawal in Peru: they propose to authorize free availability of 100% of […]
GDP grew 2.85% in February, its best result in almost two years
After almost two years, the country’s economic activity grew almost 3% in its monthly evolution. In February it reported an advance of 2.85%, and set the best result recorded since June 2022 (3.40%). It is important to note that in February 2023 the GDP contracted by 0.61%, affected by the protests against the Government of […]