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Economic Outlook

27/07/2024

The improvement in private consumption in 2H2024 could be differentiated by socioeconomic segments


During the first half of the year, GDP grew at an average rate of approximately 2.5%, driven mainly by the rebound in activity in the primary sectors.

However, the recovery in non-primary sectors linked to domestic demand remains modest, given that families have not yet perceived significant improvements in their financial situations. At APOYO Consultoría, we anticipate that the recovery in the sectors most closely linked to household consumption, especially in non-essential spending categories, will be more pronounced in the second half of the year.

To access the complete report contact us at: contactaSAE@apoyoconsultoria.com

José Carlos Saavedra

Partner and principal economist

OUR PERSPECTIVE

Congress strikes new blow in favor of illegal mining in the face of a government with no response

Last week, Congress removed Energy and Mines Minister Rómulo Mucho from office with 80 votes in favor, 4 against, and 10 abstentions. Of the 13 parliamentary groups in Congress, 11 supported the motion.

Economic recovery consolidates in the fourth quarter, although there are two new risks to growth in 2025

In the third quarter of 2024, the economy showed a more pronounced recovery. During the quarter, a series of indicators linked to local demand recorded a better performance than in the first half.

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

A distinctive feature of the Boluarte government has been its tendency to give in to pressure from protest groups with the capacity to mobilize.

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