Expectations. Private investment is expected to pick up 3% after a “pretty mediocre” decade. There are 16 projects in Proinversión for US$3,000 million to boost GDP. Stable commodity prices and a Chinese recovery will also help. After growing less than expected in 2022, the Ministry of Economy and Finance (MEF) estimates that this year the […]
Tag: Peruvian economy
INEI: Peruvian economy grew less than expected: 2.68% during 2022
National production rose just 0.86% in December, its lowest level since February 2021. Fisheries, telecommunications, and the financial sector closed the year negatively. The Peruvian economy registered only a variation of 2.68% during 2022, according to INEI, thus growing less than expected by the Ministry of Economy and Finance (MEF), which expected the GDP to […]
INEI: Fishing and internal consumption of cement closed 2022 with losses
On the other hand, the mining and hydrocarbons sector registered a variation of 0.35% in its production indicators. During 2022, fishing production —which includes maritime and inland fishing— fell 13.74%, according to the National Institute of Statistics and Informatics (INEI) after accumulating seven months in total with negative figures. Specifically in December, the fishing sector […]
Moody’s lowered its outlook on Peru to negative in the face of social and political crisis
Weakening of institutions and governance would further affect investments, which could reduce economic strength, according to the rating agency. Moody’s revised downward its outlook on the Peruvian economy, now taking it from stable to negative, as a result of the social and political crisis that has shaken the country since the departure of Pedro Castillo […]
Daniel Barco: “We project a rate of 2.6%, but we will probably have to review it”
The World Bank’s senior economist in Peru assures that “political volatility materializes downside risks in the Peruvian economy.” From the World Bank they describe the virtues and complications of our market in the midst of a sociopolitical crisis, in a year where the economy weighed down by external and internal attacks, it would grow less […]
FED rate hike will not severely impact the Peruvian economy
The long-announced and long-awaited rise in the benchmark interest rate of the Federal Reserve from United States this last March 16 was finalized, after several delays. In this way, the Federal Open Market Committee (FOMC) of the US central bank decided to increase the reference operation percentage by a quarter of a point to bring […]
Mincetur: Peru has a solid economy to mitigate the impact of the conflict in Ukraine
Robert SanchezMinister of Foreign Trade and Tourism, highlighted this past Thursday, February 24, that Peru has a solid economy to mitigate the risks of the impact of the military conflict between Russia and Ukraine, on the prices of imported products. “If the fuel market were affected, we would have to appeal to the Fuel Price […]
Mincetur monitors the situation between Russia and Ukraine to support Peruvian companies
The Ministry of Foreign Trade and Tourism (mincetur) reported that what happens between Russia and Ukraine is constantly monitored, with the aim of reducing the impact that the conflict may have on the country’s foreign tradeand especially, in the operations of Peruvian companies. The entity indicated that the network of Commercial Offices Abroadfrom PromPerú, will […]
Russia and Ukraine: how would the geopolitical crisis impact the Peruvian economy?
The revival of geopolitical tension between Russia and Ukraine has not only set off alarms in many economies around the globe. Although a direct confrontation has not yet been reached, for now only sanctions from United Statesthe truth is that the peruvian families they would feel its ravages despite the fact that the conflict takes […]
Peru displaces Chile as the most stable economy in Latin America
Agencies After its recent update of the country risk indicators in Latin America and the Caribbean, the Bloomberg agency determined that Peru now has the most solid and stable economy in the region. Our country closed the fourth quarter of 2021 with a rating of 56.28 points and displaced Chile from the top (52.79 points), […]