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December 17, 2022
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Regions lose S/3.2 billion due to demonstrations, warns the SNI

Small businesses lose more than S/170 million.  up to date for blockages

Demonstrations in different parts of the country have so far caused losses of S/3.2 billion, mainly in the southern regions, reported the National Society of Industries (SNI). Among the most affected sectors are agriculture, mining and industry.

In addition, he warned that, if this situation continues, the amount could reach S/6,400 million in a period of 14 days.

The union specified that the seizure of highways and airports had a negative impact in Arequipa with S/636 million, Ica with S/515 million, Cusco with S/395 million, in Puno with S/231 million and Apurímac with S/170 million. .

Other sectors

On the other hand, the president of the Retail and Distribution union of the Lima Chamber of Commerce, Leslie Passalacqua, indicated that the protests have caused Christmas sales in the sector to fall 33% so far.

“The Christmas campaign was the hope of companies and families to recover financially after the pandemic. In the case of retail, its importance lies in the generation of 250,000 jobs and its contribution of 12.9% to GDP”, he assured.

As a result of the wave of violence, he specified that stores have been closed and indicated that businesses that took on debt by this date will not be able to meet their payment obligations.

For his part, the president of the Central Reserve Bank (BCR), Julio Velarde, warned that, in the tourism sector, several cancellations have been observed.

“In tourism, for the second half of December we are expecting an effect of US$40 million, and more than US$100 million in January due to cancellations,” he said.

He considered that, if calm returns in the next few days, “in two or three months people will forget what happened and probably the tourist” will travel to Peru again.

“Yes it has affected (the protest). The price of our bonds has fallen in the face of an improvement in prices this month in Colombia and Chile”, she commented.

In the same way, he pointed out that the reduction of Peru’s rating outlook to negative, by S&P, “has come precisely because of the situation we are seeing, that they can see the country as more ungovernable”, and added that where it has not there has been a lot of impact is on the exchange rate.

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