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February 11, 2023
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Economy would have grown less than 2.9% in 2022

Economy would have grown less than 2.9% in 2022

In 2022, the Peruvian would have grown less than 2.9%, said the manager of Economic Studies of the Central Reserve Bank (BCR), Adrián Armas. With this result, the BCR goal for that year (2.9%) would not have been met.

The representative of the issuing entity stated that it is still premature to analyze the impact of social conflicts on GDP because it remains to be seen how long the crisis will last.

However, he considered that if the crisis and the blockades cease soon, it would give the economy space to recover in the rest of the year. Otherwise, Adrián Armas specified that it will be “very difficult for companies to be able to recover production.”

Despite the fact that they are still not sure what the conflict would mean for the country’s economic activity, Adrián Armas announced that around US$600 million will be lost in the first semester due to the lower inflow of international tourists.

Look: Valentine’s Day: Peruvians will spend less for February 14

For his part, the Minister of Economy and Finance, Álex Contreras, pointed out that they are “supporting the reactivation of the economy.”

As part of this work, the official stated that they are promoting public investment. In this sense, he pointed out that to date the government has executed more than S / 900 million.

DATA

The International Monetary Fund estimated that this year the Peruvian economy will grow 2.4%.

To help reactivate the fishing sector, the Ministry of Production announced that they will grant a bonus of S/500 for artisanal fishermen.

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