The head of the Ministry of Economy and Finance (MEF), Alex Contreraspointed out that after the rocky performance of the GDP – which fell 0.49% accumulated since January and fell back to -1.43% in May – “in July we expect to have the highest growth rate of the year”. When asked about the details of […]
Tag: Growth Peru 2023
OECD: Peruvian economy would be stuck at 1.7% this year
The ravages of climate change and the high level of social conflict with which the first quarter of the year was received continue to push projections for the Domestic Gross Product (GDP) fell, and this time the score of the Organization for Economic Cooperation and Development (OECD) fell to 1.7%, nine tenths below its previous […]
World Bank: Peruvian GDP will grow less due to the political crisis
The World Bank cut from 2.4% to 2.2% forecasts for economy growing Peruvian economy by 2023, a figure that contrasts with the always more optimistic projections of the Ministry of Economy and Finance (MEF), which in its last report in April pointed to a 2.5% increase in GDP. This decline of 0.4 percentage points from […]
Optimism of the MEF is not felt in homes in the country
This past week, the Government, through the Ministry of Economy and Finance (MEF), reduced the estimated GDP growth for this year from 3.5% to 2.5%. Likewise, the private investment (a key indicator) would close, for the second consecutive year, with a fall of 0.5%. Despite this lower growth, Alex Contreras, head of the MEF, stressed […]
MEF asks “not to lose hope” despite lower estimates of GDP growth
In line with other international organizations and banking entities, the Ministry of Economy and Finance (MEF) cut its estimate of economic growth for this 2023 from 3.5% to 2.5%, explained by the negative impact that the conflicts have left and social and global phenomena during the first quarter of this year. According to Macroeconomic Projections […]