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Economic Outlook


Households still do not perceive an improvement in the conditions for consuming, but this should begin to change in the next three months

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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Jose Carlos Saavedra

Partner and Principal Economist


The Executive-Legislative relationship strengthens amid political uncertainty

In the last month, the political panorama has been marked by the beginning of the electoral race. The electoral schedule requires possible candidates who want to participate in the next electoral process to be affiliated with a political organization.

At the end of the second quarter, there are no clear signs of a break in the economic cycle

During the second quarter, GDP would have grown at a higher rate than during the first quarter, mainly due to the recovery of the primary sectors.

President Boluarte opens new legal and political avenues, although her support in Congress remains solid

In the month of May, the Attorney General, Juan Carlos Villena, filed a constitutional complaint against President Dina Boluarte, for the alleged crime of improper passive bribery to the detriment of the State.

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