May saw an increase in concerns about global growth decelerating even further, for three main reasons.
First, strict lockdowns, as part of its Covid-zero strategy, have strongly affected China’s growth rate. Second, central banks in developed economies have adopted more aggressive positions in terms of the withdrawal of their monetary stimuli, in the face of high inflation. Third, the Russian invasion of Ukraine continues to damage business and consumer confidence in the Eurozone, which could result in lower-than-expected economic growth.
On the local level, the risk that inflation will be more persistent than anticipated increased this month. The continuation of the armed conflict in Ukraine has kept prices of agricultural commodities, oil and fertilizers at high levels. This could generate additional pressures on food prices over the next few months, as a result of which inflation could normalize at a lower pace than anticipated.
This increased concern about a deceleration of the global economy and national inflation has increased the risk of lower growth of the Peruvian economy in 2022 and a slower recovery of families’ financial situations. Thus, it is necessary for the government to take targeted, timely and temporary measures, such as relief payments for vulnerable families, who are not benefiting from measures approved between April and May.
To access the complete report contact us at: contactaSAE@apoyoconsultoria.com
Jefe de Investigación
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.
Several economic indicators suggest that the growth observed in late 2024 extended into early 2025. Thus, economic growth at the beginning of this year is estimated to have been around 4%.
At the end of January, the Registry of Political Organizations counted 41 parties with current registration and 33 organizations in the registration process.
