So far this year, economic activity has shown a differentiated recovery among economic sectors.
Those that were most affected by the protests and rains last summer, such as fishing, tourism, mining and public investment, have registered a clear rebound in their activity levels. These sectors, with the exception of mining, showed double-digit growth rates. However, other sectors more closely linked to household spending, such as home centers and department stores, have not yet shown significant improvements, as they registered drops in the first quarter of 13.5% and 4%, respectively.
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Partner and Principal Economist
The Government’s main allies, Fuerza Popular and APP, leveraged the crisis triggered by the murder of 13 mine workers in Pataz to strengthen their influence over ministerial appointments.
So far this year, the economic recovery appears to have consolidated, with growth becoming more broad-based. Domestic demand has shown solid performance.
In the first quarter of the year, economic growth remained solid (3.6%). This was the result of a combination of favorable dynamics for GDP.
