The World Bank cut from 2.4% to 2.2% forecasts for economy growing Peruvian economy by 2023, a figure that contrasts with the always more optimistic projections of the Ministry of Economy and Finance (MEF), which in its last report in April pointed to a 2.5% increase in GDP. This decline of 0.4 percentage points from […]
Tag: Protests in Peru
Chicken price would fall in June: what factors does a greater decrease depend on?
The price of a kilo of chicken remains elusive to the pocket of citizens after exceeding S/12 in the retail markets of Lime and various cities in the country. In a context in which the dollar is falling, many wonder if the cheap exchange rate influences a reduction in the price of this food. However, […]
Fitch Ratings: mining companies in Peru are solid despite protests and blockades
Fitch Ratings reported that the mining and metal companies that operate in Peru, despite the social unrest and blockades in some sections, have solid liquidity and are able to make deliveries, reducing credit risk. Through a multi-sector analysis, they determined that while a handful of companies are more exposed, the impact on cash flows is […]
Peruvian economy would stagnate at 2% until 2024, according to Fitch Ratings
After three months of protests, from Fitch Ratings they estimate that doubts about Peru’s ability to recover remain latent, since investment is expected to continue to weaken, as well as economic growth. The foreign agency maintains the Peruvian rating at BBB — that is, with moderate risk —, but they forecast that GDP would grow […]
The UN asks the Peruvian government to expand initiatives to reduce the crisis
The high commissioner of the UN for human rights, Volker Türk, said today that the Peruvian government should expand initiatives it has taken in favor of the families of those injured and killed in the protests in Peruso that measures are also included so that justice is done for the victims. “Government initiatives, such as […]
Social crisis altered purchases in 9 out of 10 Peruvian households
79% of citizens say that products are more expensive than before as a result of the protests that began two months ago. The outbreak of the sociopolitical crisis in December of last year has had an impact on the indicators of national production, and therefore, on the final consumer. According to the Kantar Division Worldpanel, […]
BCP points out that there is a supply of money at ATMs in Puno and at the national level despite protests
The financial entity issued a statement ruling out that the regions affected by the demonstrations and blockades are without cash. The Bank of Credit of Peru (BCP) announced that its ATMs in Puno and Juliaca, as well as at the national level, are supplied with money. This pronouncement is given after the complaint of residents […]
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 […]
All of South America, except Peru, is walking towards normalization of the tourism sector in 2023
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The hotels, restaurants and airports of most of the tourist destinations in South America have practically recovered their usual bustle, three years after the pandemic left the sector in pieces. But from the Christ the Redeemer in Rio to the Obelisk in Buenos Aires, what continues to be scarce, to a greater or lesser extent, […]
The US rules out creating a dialogue table for Peru, as requested by Colombia
USA will not promote a dialogue table to find a way out of the crisis in Peruas requested by the Colombian president Gustavo Petronor does it interfere in the affairs of the Andean country, the US ambassador said Thursday before the OAS. Peru is the scene of massive demonstrations calling for the resignation of President […]