The weight of health spending in the countries of the OECD will continue to grow, as has been the case for decades and, if we add to this trend the lessons of the crisis of the covid To make the system more resistant, it will reach 11.2% of the gross domestic product (GDP) in 2040. […]
Tag: GDP
World Bank: Peru will grow 2.5%, but mistrust still dominates
After the 0.4% contraction that is forecast for the Peruvian economy in 2023, according to a recent World Bank report, a 2.5% rebound is expected for the current year. The reasons? The multinational indicates that Greater copper production will allow for “more intense” mining activityand better conditions are also expected that will favor agriculture, fishing […]
Peruvian GDP will grow 2.5% in 2024, according to the World Bank
After the 0.4% contraction seen in 2023, the multinational front warns that political instability continues to affect investment projects. Join the La República WhatsApp channel Price of the dollar in Peru: what is the exchange rate quote this Tuesday, January 9? What are the 3 labor modifications that will be applied in 2024? The World […]
Tax collection sinks 12% in 2023
Tax collection, a very clear reflection of the progress of a country’s economic activity, closed 2023 with a collapse of 12.3%, the National Superintendence of Customs and Tax Administration (Sunat) reported yesterday. In this way, S/10,530 million less were collected compared to fiscal year 2022. In 2023, the tax revenue of the central government was […]
Short-term expectations are negative 33 months ago
The indecision of Minister Alex Contreras to remain in office anticipated that same day the publication of business expectations for December, a month in which hopes of recovery of the economy in the short term rounded off 33 months in negative territory. In detail, business expectations about the Peruvian economy in the next three months […]
Alex Contreras: comings and goings of the minister to stay in the MEF
“I give you an off-the-record scoop: I am submitting my resignation at this time.. Petroperu and lack of transparency in some decisions. Yesterday was a complicated CdM (Council of Ministers),” read the WhatsApp message sent by the Minister of Economy and Finance, Alex Contreras, to La República. The official’s words, sent minutes before 8:30 am, […]
It is not Chile or Brazil: which Latin American country will have the greatest economic growth in 2024?
According to October projections International Monetary Fund (IMF), the world economy could grow 2.9% in 2024, 0.1% less than what was outlined for 2023. In this context, the International Labor Organization (ILO) published its report in December 2023, which details the labor outlook, but also analyzes the economic growth of Latin America for this year […]
Kurt Burneo: “Without positive expectations, getting out of the recession will take a long time”
After the recession that left the Peruvian economy in 2023, former Minister of Economy Kurt Burneo discerns the opportunities of the new year, in a context in which it will rebound away from the potential that our country once had. He calls for the recovery of institutions to put an end to business pessimism. —What […]
2024 will bring an economic rebound that is insufficient to address social emergencies
The recession will leave us with a hangover so long that it cannot be compared to the one that welcomes millions of Peruvians in these first hours of the new year. Although the official data for 2023—by the INEI— it will only be known in February, it is expected that GDP fell between 0.6% and […]
The Brazilian Government increases the minimum wage by 6.8%
The Brazilian Government announced this Wednesday that the minimum salary As of January 1, the country will have an increase of 6.8%, a rate that exceeds the inflation year-on-year recorded until November, which was 3.8%. With this increase, the minimum wage in Brazil will reach 1,412 reais (US$294)the same value to which the retirement and […]