Peruvian Congress approves fiscal stimulus to face climate effects and reactivate economy
October 21, 2023 - 11:25 ECONOMY-PERU/ - REUTERS Agency LIMA, Oct 21 (Reuters) - The Peruvian Congress approved a fiscal stimulus requested by the Government to finance greater expenses related to the emergency caused by the El Niño climate phenomenon and the economic reactivation of the country, which is going… The Peruvian economy entered a technical recession in the second quarter of the year, with productive activity falling by 0.63% year-on-year due to the adverse effects of El Niño, lower private investment and delays in social conflicts. The central bank and the government have cut their expansion projection by around 1% for the year. However, analysts suggest this is too optimistic and may result in a negative result at the end of 2023, marking Peru's worst performance in a quarter of a century without considering the pandemic.
发表 : 2年前 经过 Dave 在 Politics World
The Peruvian economy entered a technical recession in the second quarter of the year and in August productive activity fell 0.63% year-on-year, its fourth consecutive monthly decline due to the adverse effects of El Niño, lower private investment and delays in social conflicts.
The central bank and the government cut their expansion projection by around 1% for this year; But analysts consider it to be too optimistic and some even foresee a negative result at the end of 2023, which would mark Peru’s worst performance in a quarter of a century without considering the pandemic.
话题: Markets, Congress, Stimulus