In February of this year, inflation went from 3.03% to 3.3% and, to everyone’s surprise, it moved away from the upper limit of the target range – set between 1% and 3% by the Central Reserve Bank of Peru (BCRP)—. From the issuing entity they assure that the rebound in the Consumer Price Index (CPI) […]
Tag: GDP
BCRP: the Peruvian economy will close the first quarter positively
At the end of 2023, the Peruvian GDP had four consecutive negative quarters and showed a contraction of 0.6%—its worst result since 1992. A few days after knowing the official data on economic activity for January, the Central Reserve Bank of Peru (BCRP) announced that a recovery in production is already being observed, so in […]
Eduardo Ferreyros: “If fishing had not fallen, the GDP would have been positive”
The passage of the El Niño phenomenon dealt a hard blow against industrial fishing, which is why we spoke with Eduardo Ferreyrospresident of the SNP, to know their evaluation of what happened and what they expect for this year, taking into account that they recently had a meeting with Produce and Imarpe. -What is your […]
Port of Chancay, the regional meeting point to reach China
More than 45% of Peru’s exports go to Asia and more than 30% come from there. In the region, the maritime routes today from all the ports in South America go to Mexico or California and only then cross the Pacific. For example, a ship leaving Chile makes its first two stops in Callao and […]
Brazil: economy grew 2.9% in 2023 and exceeds government expectations
The brazilian economy grew by 2.9% in 2023, in the first year of the president’s government Luiz Inácio Lula da Silvathus chaining three consecutive years of expansion, official sources reported this Friday. In the fourth quarter, the gross domestic product (GDP) registered stagnation compared to the third quarter, which represents the worst quarterly data in […]
India registers its fastest growth rate with GDP of 8.4%
The economy of the India reached its fastest growth rate by registering a GDP of 8.4% in the third quarter (October to December) of fiscal year 2023-2024, driven by strong manufacturing activity and growth in the construction sector. Prices of the gross domestic product (GDP) “show a growth rate of 8.4%” in the third quarter […]
Brazil urges the G20 to act “together” so that the super-rich stop evading taxes
The Minister of Finance of BrazilFernando Haddad, urged this Thursday the G20 to act out “together” so that the super-rich stop evading taxes, by creating a global tax on great fortunes, and announced that he will present a proposal to the forum in that regard “Until July”. “Honestly, I wonder how we, Ministers of the […]
Fishing, the hardest hit sector in 2023, will not have a respite this year
In 2023, the Peruvian economy fell 0.6%, according to official data from the INEI, and the hardest hit productive sector was fishing, which fell 20%. This activity was affected by climatic phenomena, especially that of the industrial fishery, which is dedicated to the extraction of anchovy and contributes 80% to the fishing GDP. Nine months […]
Peruvian economy falls 0.55% in 2023 and the largest decline in 31 years is confirmed
Since 1992 – without taking into account the pandemic – there has not been a decline in national production until 2023, when we closed at -0.55%, confirming the largest drop in 31 years, according to official data from the National Institute of Statistics and Informatics (INEI). Although the distance is great, both years are characterized […]
Businessmen support arrival of Arista to the MEF
Today the official data on the fall of the GDP Peruvian during 2023 and, poetically, coincides with the first steps of José Arista as Minister of Economy and Finance. Yes you have the technical capacity “(Alex) Contreras had lost credibility. He failed to revive the economy despite all his enthusiasm. Now, we hope that José […]