The Economic Commission for Latin America and the Caribbean (ECLAC) this Thursday raised its regional GDP growth projection for 2023 by 0.6% from 1.7%, estimated last September, to 2.2%, but warned about the risks of “maintain a low growth path”. By 2024, growth will fall to 1.9%, which implies a slowdown in regional growth compared […]
Tag: Peruvian economy
BBVA: GDP will fall 0.4% in 2023 and there will be a 2% rebound in 2024
He BBVA Research has revised its growth projection for the Peruvian economy downwards. Thus, It predicts that 2023 will close at -0.4%, when the previous quarter there was still talk of growth of 0.4%. Along these lines, the 2024 figure was adjusted from 2.3% to 2%. The factors that were considered for this revaluation were […]
Peruvian GDP fell 1.29% in September and has three consecutive quarters in the red
In September, the Peruvian GDP registered a contraction of 1.29%, thus accumulating three consecutive negative quarters, according to the latest report from the INEI. The drop in the ninth month of 2023 is the second most pronounced of the year, barely surpassed by -1.30% in May. In accumulated terms, the productive decline is 0.63% and […]
BCR decision among the economic keys that will mark the week in America
This week will be key to analyze the evolution of inflation in the large Latin American economies, such as Brazil, Mexico, Chile and Colombia, and the response of central banks, with decisions in Mexico and Peru. These are the keys that will mark the week in America: Monday 6 The Central Bank releases the result […]
Macroconsult: Peruvian economy would have fallen for the third consecutive quarter
Unlike what they expect from the Central Reserve Bank (BCRP) and the Ministry of Economy and Finance (MEF), Macroconsult projects that GDP also fell in the third quarter. Elmer Cuba, partner of Macroconsulttold La República that we are just realizing the effects of droughts, the lack of urea and climate threats that we inherited from […]
BBVA Research reduced its Peruvian GDP growth projection for this year to 0.4%
In harmony with multilateral and local entities, BBVA Research They lowered their estimate of Peruvian GDP growth for 2023 to 0.4% — previously they expected the variation to be 1.6% —. The deterioration of the product is explained by the “more sustained” weakness of private spending and the lower GDP expansion of China – one […]
Nearly 80% of Reactiva Peru 1 loans have already been canceled
Of the S/57,863 million placed in credits with guarantee state of the Reactiva Peru 1 program launched in the pandemic, 79.09% of the loans granted to companies have already been paid, according to information from the Superintendency of Banking, Insurance and AFP (SBS) with a cut-off of May 31 of the present anus. According to […]
Carlos Augusto Oliva Neyra: “The most worrying thing is that poverty is not going to be reduced, quite the contrary”
Between January and May, the GDP contracted 0.49%, which has caused the various entities to revise their estimates downwards, even reaching a growth of just 1%. Faced with this scenario, the former Minister of Economy Carlos Oliva makes an analysis of the economy and the impact that the country will have by having low growth. […]
Peruvian economy would have grown 0% in May, anticipates Sunat
The Peruvian economy would have had zero growth during May of this year, announced the National Superintendence of Customs and Tax Administration (Sunat). According to the entity, due to this performance, the collection June 2023 reached S/10,102 million in net tax revenue from the central government, discounting tax refunds. “The determining factors of the June […]
BCRP: dollar closes at S/3.6260 and completes 5 months of decline
The dollar closed in June at S/3.6260, its lowest level in more than two years. The last time it scored a similar value was on April 15, 2021, when it reached S/3.6280, according to the Central Reserve Bank of Peru (BCRP). In this way, the us currency it completed five consecutive months of decline and […]