The peruvian economy it grew only 1.68% in December, a slowdown compared to October and which went hand in hand with the fall in the financial and insurance sectors (-4.95%), manufacturing (2.83%), fishing (-48.52%), telecommunications and other services of information (-5.71%). However, it was the first two that had the most influence.
These results offset the growth of other activities that boost the economy, such as mining and hydrocarbons (5.06%), construction (6.83%) or commerce (2.99%).
“Primary manufacturing was expected to fall because, when fishing goes badly, usually primary manufacturing, which processes the resources that are extracted, also contracts, but in non-primary manufacturing, what went particularly badly were capital goods or intermediate goods, which are linked to investment”, explained the chief economist of BBVA Research and columnist for Peru21, Hugo Perea.
SECOND SEMESTER
He also estimated that growth in the second half of 2022 will be close to 1.75%. “The economy is slowing down and this is before the political problems and the social upheaval that we see since December 7,” he said.
For this reason, he highlighted that although growth of between 2% and 2.5% was projected for December, after the latest events, the rate is expected to be lower.
Keep in mind
-Between January and November 2022, GDP increased 2.7%, while in the last 12 months it grew 2.63%.
-“It is likely that growth in December will be lower due to the paralysis of activities such as tourism, commerce, mining and transport,” said Perea.
