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Confidence in investment continues to fall amid crisis

Recent demonstrations have resulted in losses of up to S$100 million per day, according to the MEF. | Fountain: Andean

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Recent crises and demonstrations in the country have reduced the confidence of companies in investing in Peru.

A recent survey of over 300 companies conducted by Apoyo Consultoría shows a worsening situation due to the escalation political crisis and escalation of violence.

“Between September and December this year, the percentage of companies that plan to accelerate investment plans over the next six months fell from 8% to 4%,” said Piero Ortiz, SAE project consultant. Apoyo Consultoría, to the newspaper Gestión.

Index trust for investment fell from -4 points to -14 points in the last three months, reaching its lowest level since October 2021.

In addition to this, the survey shows that the confidence in hiring workers is also declining due to the current political situation.

Percentage of companies planning Hiring the share of new hires in the next six months fell from 19% in September to 10% in December. This means that the hiring confidence index is back in negative territory after a year of low but positive levels.

According to the consultant Apoyo, these results indicate an increase in caution in investing and hiring in the face of an economic downturn and high uncertainty, in addition to tightening labor laws.

Source: RPP

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