The dollar has been showing a downward trend in recent months, reaching S/3.6470 yesterday, its lowest level since April 4 of last year. This taking into account that during the third quarter of 2022 the US currency reached peaks of up to S/4.00. However, given the fall of the dollar, economic agents expect that at […]
Tag: Peruvian economy
INEI: closing of companies grew 14.1% in the first quarter of 2023
In the first quarter of 2023, 10,617 companies were deregistered, which meant an increase of 14.1% compared to what was registered in the same period of 2022, according to the latest report on Business Demography in Peru from the National Institute of Statistics and Informatics. (INEI). The most affected sector was construction, where the figure […]
Peru will host the APEC summit for the third time: what is this forum about and which countries are part of it?
For the third time, the Peru will assume the presidency of the Leaders Summit of the Asia Pacific Economic Cooperation Forum (APEC), an event that will take place in the country in 2024 and will bring together 21 economies of the world. The Embassador Carlos Chavez-Taffur, president of the APEC Peru 2024 Presidency working group, […]
Dollar price down: will the price of food and fuel fall?
The good moment that the Peruvian sol is going through, as it appreciates during the last three months against the dollarhas caused many to wonder if the cheap exchange rate will have a positive impact on the economy Peruvian, especially in the price of foodwhich daily affects the pocket of thousands of Peruvians. How does […]
Why is the Peruvian sol the most stable currency in Latin America and what trend is expected by the end of the year?
He peruvian sol has been the strongest currency of Latin America in the last 23 years, highlighted the Central Reserve Bank of Peru (BCRP) and this 2023 seems to be no exception because it has been positioning itself as the badge most stable in the region. This is reflected in the last three months, in […]
CTS 2023: How long does my employer have to deposit this payment and how to calculate it?
Undoubtedly, one of the most anticipated dates for all formal workers who are on the payroll is compensation for time of service (CTS), which is delivered in may and november (twice a year) and equals a full salary. You should know that this extra money that each worker receives is offered so that each one […]
U17 World Cup: US$2 million would have been raised by Peru only during the stay if they did not withdraw the venue of the event
Double loss. A few days ago it was learned that FIFA decided to withdraw the headquarters of the Under 17 World Cup from Peru. sporting event It had been declared of national interest in May 2022, during the government of Pedro Castillo. However, the arguments of the highest governing body of world football weighed more: […]
MEF: Peruvian economy would have grown only 0.5% in the first quarter due to rains and social conflict
2023, to date, has been a year of great challenges for the Peruvian economy due to social conflicts and natural disasters. This scenario has changed the growth expectations for the country managed by the Ministry of Economy and Finance (MEF) for the first months of this year, according to the holder of said portfolio, Alex […]
The economy will grow less than 1% in February, forecasts the MEF
During January the Peruvian economy fell 1.12%, mainly affected by the sociopolitical crisis since the arrival of Dina Boluarte to the government. Despite the climate emergency caused by Cyclone Yaku, the Ministry of Economy and Finance (MEF) assures that the impact will not be so pronounced. Alex Contrerashead of the MEF, anticipated that in February […]
More than S/8,232 million to reactivate GDP
He Executive power sent to the Congress of the Republic a bill that approves supplementary credits that exceed S / 8,232 million and will be used, mainly, to finance the economic reactivation of families, regions and sectors affected by the current local context. The proposal details that it is necessary to incorporate more than S/2,013 […]