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Peruvian economy according to the calculations of the Central Reserve Bank (BCR), by the end of 2022 it would grow by less than 2.9%.
“We appreciated height by 2.9%, given the information we have in some sectors, for example in fisheries, it was lower than expected, we would be with something less than 2.9%,” said Adrian Armas, chief BCR Economic Research Manager, during the Monetary Program Presentation.
Armas argues that it is not yet possible to give accurate data on the impact on GDP due to demonstrations and roadblocks in the country, but there is evidence of an impact on various economic activities in the southern regions.
“It is premature to give figures of possible impact. There are transport problems, import by land, interruptions in commercethere are disruptions in terms of canceling international receptive tourism around $100 million a month,” he explained.
A BCR spokesman noted that these shutdowns will affect inflation in the affected regions, especially for perishable products.
“In January, we see pressure on perishables continuing. It is noted that the shops were closed, even to identify Prices no, because many businesses are closed, the problems we have in the south are generating significant growth,” he said.
Armas even pointed out that in Cusco, for example, a kilogram of chicken increased from 12 to 16 salts due to the situation with less supply in the markets.
It should be mentioned that inflation reported at the end of December 2022, at 8.46%, was above BCR’s forecasts.
For now, the central bank reiterates that inflation in the country will begin to decline from March, especially due to falling global prices and lower import cargo.
“Inflation expectations are indeed at the level of 4.1% and 4.5%. projections banks believe that these inflation expectations should be lowered, especially since March,” he added.
In the case of private investment, the current forecast of 1% is considered low, while business confidence remains pessimistic.
Source: RPP
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.