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May 15, 2022
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Poverty could rise to 27.5% at the end of this year, according to Macroconsult

Poverty could rise to 27.5% at the end of this year, according to Macroconsult

The in Peru it affected more than 8.5 million people during 2021, a figure that represents 25.9% of the Peruvian population in 2021, according to the INEI. But, for the consulting firm Macroconsult, the level of poverty, at the end of 2022, will rise, affecting 27.5% of Peruvians.

This projected poverty figure is 1.5% higher than that recorded in 2021, so it would still remain above pre-pandemic levels.

In this sense, specialists warn that with the current context of rising prices and low economic growth, no progress is expected in the fight against poverty.

“A growth rate of 3%, “forgetting” about inflation, would make the poverty rate remain constant, at levels of 25% or 26%. This is not positive news, what is being said is that a rate of 3% is totally low to reduce current conditions”specified Álvaro Monge, partner of Macroconsult.

In addition, it is expected that for the next few years there will be no significant economic growth, which will imply that the poverty rate will be stagnant.

“In a reasonable growth scenario, it will remain within 2% to 2.5%; and inflation would converge within the target range. In this context, poverty will be around 25% by 2026″Held

However, in a more pessimistic scenario, with 0% GDP growth, poverty in Peru could rise to 29% by 2026.

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