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Peru, the economy with the strongest growth in South America by 2022

Peru, the economy with the strongest growth in South America by 2022

The hangover of the New Year does not drag the echoes of uncertainty regarding the future of the Peruvian economy as it happened at the beginning of 2021. And it is that, by 2022, it is expected that the Gross Domestic Product (GDP) local is one of the strongest in Latin America, and even the […]

Between the balance sheet and the economic projections, by José De Echave

Between the balance sheet and the economic projections, by José De Echave

It was known that 2021 was going to be a particular year for the Peruvian economy for several reasons. In the first place because of what 2020 meant, with an 11% drop in GDP in the midst of the pandemic and secondly because it was an electoral year and a change of government. At the […]

Peru’s GDP would grow 3.2% in 2022, according to LatinFocus

Peru’s GDP would grow 3.2% in 2022, according to LatinFocus

According to analysts from FocusEconomics Consensus Forecast LatinFocus, Peru’s growth projection for the year 2022 will be 3.2%, above the average for Latin America (2.5%), although below the world average (4.3%), analysts estimated. Peru will also register a growth higher than Japan next year (2.6%). In addition, it will show an expansion greater than the […]

Partial reform will only allow the collection of 0.20 points of GDP

Partial reform will only allow the collection of 0.20 points of GDP

The Congress of the Republic partially approved the legislative powers in fiscal, financial and economic reactivation matters requested by the Executive at the end of October. In that sense, The Ministry of Economy and Finance (MEF) reported that the measures supported by the Legislative will manage to collect only 0.20 points of GDP, well below […]

S / 252,000 million was lost in collection in 20 years

S / 252,000 million was lost in collection in 20 years

Between 2000 and 2020, the average tax burden in Peru was between 14% and 15% of Gross Domestic Product (GDP), being one of the lowest in Latin America. This low level has caused the State not to obtain the income that it should achieve. César Flores, economist and member of CooperAcción, pointed out that if […]

Executed mining investment would reach US $ 5,000 million at the end of 2021

Executed mining investment would reach US $ 5,000 million at the end of 2021

At the end of 2021, the mining investment carried out would reach US $ 5 billion. While in the 2022-2025 period the construction of at least 11 mining projects is expected, which together add up to an investment of US $ 11,753 million, according to the Vice Minister of Mines, Jorge Chávez Cresta. During his […]

Peruvian economy grew 4.55% during October of this year

Peruvian economy grew 4.55% during October of this year

The National Institute of Statistics and Informatics (INEI) reported this Wednesday that the economy grew 4.55% in October of this year compared to the same month of 2020. This result was given by the favorable behavior of most of the economic sectors, with the exception of Fishing, Construction, as well as Finance and Insurance, according […]

Michael Spence: “Peru’s GDP growth is respectable”

Michael Spence: “Peru’s GDP growth is respectable”

After the Peruvian economy contracted by 11.1% during 2020, the Nobel Prize for Economics Michael Spence affirmed that the projections made regarding the recovery are optimal. “The decreasing trend could have been perhaps flatter –in comparison to the sharpened contraction in Peru compared to other neighboring countries–, but we see that the projected growth for […]

BCRP: annual fiscal deficit fell to 3.3% in November 2021

BCRP: annual fiscal deficit fell to 3.3% in November 2021

The Central Reserve Bank of Peru (BCRP) reported that in recent months it accumulated a fiscal deficit that continued to decrease throughout the year, going from 8.9 of GDP in December 2020 to 3.3% of GDP in November 2021, the lowest rate since March of the year last. This result influenced the growth of national […]

Uncertain prospects, by Alonso Segura

Uncertain prospects, by Alonso Segura

2022 is presented as a very uncertain year in economic matters. We run the risk of wasting tremendously favorable external conditions. After a terrible 2020 for Peru, both in public health and in economic and social indicators, 2021 has been a year of faster recovery than initially expected. Understanding the reason for this dynamic is […]