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Political outlook

14/11/2024

New protests add uncertainty to a government with limited room for action

Yesterday, various social organizations and transport unions resumed protests scheduled for November 13, 14, and 15, related to the increase in insecurity and extortion in the country.

These demonstrations coincide with the Asia-Pacific Economic Cooperation Forum (APEC) Leaders’ Summit, organized by the Peruvian government, which will host 21 economies that represent almost two-thirds of the world’s GDP and half of global trade. Among the most important leaders who will attend are Chinese President Xi Jinping and US President Joe Biden.

The Government’s response to these new protests has been questionable, especially due to the improvised decision to cancel in-person classes in Metropolitan Lima, Callao, and Huaral in the previous days.

If you wish to access the full report, write to us at: contactaSAE@apoyoconsultoria.com

Martín Coronado

Senior analyst

OUR PERSPECTIVE

Peru's economic growth was dynamic in Q1 2025, although international environment risks have intensified.

The economy maintained a solid growth pace in Q1 2025, around 3.8%, slightly above expectations. Primary sectors, such as agro-exports and fishing, continued to rebound, although they were still affected by weather conditions in Q1 2024.

Political pressure on the government intensifies with the censure of Santivañez and new episodes of protest.

This month, the political agenda has once again focused on citizen insecurity. The death of a singer from a well-known musical group, allegedly at the hands of extortionists, sparked renewed criticism of the Minister of the Interior, who was censured by Congress, which in turn triggered new protests.

Resumption of Congressional Functions: Oversight, Electoral Reforms, and Key Projects on the Short-Term Agenda

Despite growing criticism, President Dina Boluarte remains reluctant to remove him from office, as Santivañez plays a key role in her efforts to obstruct investigations against her and her inner circle, including her brother Nicanor Boluarte.

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