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January 7, 2023
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Most business expectations rose after the departure of Pedro Castillo

Most business expectations rose after the departure of Pedro Castillo

Apparently the output of the Presidency of the Republic has given businessmen some confidence. According to the latest Survey of Macroeconomic Expectations of the Central Reserve Bank (), 11 of the 18 indicators increased in December.

Among the indices that rose the most are the expectation of the economy, at 12 months, which went from 43.3 points to 54 points, and that of the sector, in the same period, which increased from 49.5 points to 58.5 points.

However, despite these results, only six of the 18 indicators are in the optimistic range (above 50 points).

Former Minister of Economy and Finance David Tuesta explained that the results of the BCR survey show that there is “greater confidence in the new management.”

“There is more confidence in contrast to the aggressive tone that the messages from former President Castillo and his officials had. Today a greater preference is being given to the technical, ”he explained in statements to Peru21.

For the former official, it is not yet possible to speak of an upward trend in expectations, since he pointed out that what will happen to the country in the coming months has to be analyzed.

“It seems that the conflict situation is a little more controlled than in December, however we have to see what happens in the following political events, such as the second vote to advance the elections and the possible presidential campaign,” he stressed.

Look: Pensions: they will create a regime to recover contributions from 1.3 million affiliates

Losses

On the other hand, the Minister of Production, Sandra Belaunde, revealed that, as a consequence of the demonstrations, business activity lost S/380 million between December 8 and 21. “This means 160,000 companies affected,” she assured in statements to Canal N.

Yesterday Produce presented the Con Punche Productivo program, through which actions will be taken to promote the reactivation of the sectors affected by the health emergency and the economic and social crisis that Peru is going through.

For this plan, which includes six measures, more than S/250 million will be disbursed, which is expected to be executed in the short term, that is, between three and six months.

The proposal includes an allocation of S/176 million for the acquisition of goods from micro and small manufacturing companies.

Data

The BCR survey revealed that the GDP growth expectation for this year has improved. Economic analysts increased their projection from 2.3% to 2.5%, as did the financial system.

For 2023, the financial system and non-financial companies project inflation of 4.5%, while analysts project 4.1%. None is within the target range (between 1% and 3%).

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