Both the Ministry of Economy and Finance (MEF) and the Central Bank (BCRP) anticipate that the GDP will rebound, after the recession, to 3% this year. Yesterday, The International Monetary Fund (IMF) reduced its projection from 2.7% to 2.5%; and, although its report does not delve into the defects and challenges facing the Peruvian economy, […]
Tag: Peruvian economy
Congress seeks to approve a new 100% withdrawal from the CTS: what would be its impact on the national economy?
After the approval of the withdrawal of up to 4 UIT (S/20,600) from the Pension Fund Administrators (AFP), Congress is preparing the debate on a series of bills that seek to release 100% of the Compensation for Time of Work Services (CTS) to “cover the economic needs of the population caused by the impacts of […]
World Bank: Monopolies and corporate political influence limit the economy
The economy of Latin America and the Caribbean will grow less than expected, as a result of a critical situation, according to the World Bank: 1.6% this year, and by 2025 and 2026 it will achieve rates of 2.7% and 2.6 %, respectively. Carlos Felipe Jaramillo, WB vice president for the region, maintains that the […]
World Bank raises its Peruvian GDP growth projection to 2.7%
On the contrary, it reduced its estimate for the economy of Latin America and the Caribbean to 1.6%, as a result of a critical situation. Price of the dollar in Peru today: what is the exchange rate for this Wednesday, April 10 Schedule of salary and pension payments for April: see the collection dates via […]
Investment expectations are optimistic again
By Susana Condado T. Since March 2021, before the second round of the presidential elections where Keiko Fujimori and Pedro Castillo faced each other, the short-term investment expectations of companies moved to the pessimistic range, dropping from 51.4 to 45.8 points. Only in March of this year, after a period of 36 months, would entrepreneurs […]
Chinchero Airport: tension paralyzes works
Chinchero airport with a gray future. Yesterday, in the emblematic district of Cusco, the decentralized session of the Congressional Transportation and Communications Commission and, after several hours of debate, an injection of S/40 million was barely agreed in favor of the Natividad Consortium, in charge of the execution of the terminal – which will receive […]
Lima 2027 Pan American Games: what will be the impact of this sporting event on the Peruvian economy?
For the second time in its history, Lima will host the 2027 Pan American Games after winning the election over Asunción, Paraguay, with 28 votes. This result has been recognized by the Minister of Economy and Finance, José Arista, who pointed out that the holding of this sporting event will have a positive impact on […]
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 […]
Alex Contreras: “Peru’s growth capacity has been significantly reduced”
After the inexorable fall in Peruvian GDP expected in 2023, the Minister of Economy and Finance, Alex Contreras, recognized that potential has been lost. “Peru’s growth capacity has been significantly reduced. The latest estimates speak of a potential growth of around 2%.”he mentioned during the installation of the Renewable Energy Executive Board. Likewise, the official […]
Recession: Tips for Managing Home Finances
Peru is in a stage of recession, which implies a slowdown of the economywith less investments, production, consumption and little job creation. To detail, It is a hard blow to the pockets of many families. Peruvians, who have increasingly less purchasing power and spending possibilities. In a panorama of uncertainty and considering that the end […]