“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, […]
Tag: GDP
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 […]
MEF insists that the economy will grow 3% in 2024
While the worst economic year in more than two decades – not counting the pandemic – is dying, by 2024 the Ministry of Economy and Finance (MEF) continues to see the glass half full and insists that GDP will reach 3% in the next 12 months. The Executive’s reading coincides with that of the Central […]
CCL: Peruvian GDP has not managed to exceed 4% growth in 10 years
Peru has not managed to exceed 4% economic growth since 2013 (not including 2021), warned Óscar Chávez, head of the IEDEP of the Lima Chamber of Commerce (CCL). This figure is important because, according to all economists, A sustained annual growth rate of 4% is necessary to sustain the entire wage bill, which is estimated […]
MEF: the economy will only grow strongly in the second half of 2024
Looking ahead to 2024, the Minister of Economy and Finance (MEF), Alex Contrerasmaintains its growth projection despite the threat of the El Niño Phenomenon: a GDP of 3%. Contreras recognizes that they coincide with the estimates of the Central Reserve Bank of Peru (BCRP), and after the productive contraction of this 2023, he assured that […]
Distrust sinks private investment: it will fall 7.3%
In 2022, private investment contracted 0.4% despite the country’s limited growth. A year later, after the political turn of the Government of Dina Boluarte, who from her first day distanced herself from her predecessor Pedro Castillo, private investment has not managed to recover and will fall 7.3% in a period marked by recession, according to […]
GDP will fall 0.5% and poverty will reach 28.7% of Peruvians
The numbers speak: the Government of Dina Boluarte has not been able to straighten the economic course, since in 2023 the GDP will fall 0.5%, according to the Central Reserve Bank of Peru (BCRP). Under the tip of the iceberg, there is a complicated outlook for the new year, because fiscal rules will be broken […]
