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Political outlook

03/10/2024

Citizen insecurity puts the Government and Congress at the center of criticism

In the past month, the political agenda has been marked by insecurity.

Last Thursday, public transport operators in Lima and Callao suspended their activities in protest against the growing problem of extortion. According to the Peruvian National Police, in the past 30 days extortionists have carried out 15 armed attacks against 11 public transport companies in nine districts of the capital, resulting in the death of three drivers.

The government’s inability to combat crime effectively, despite it being a priority issue on its agenda and the greatest concern of the population, is significantly altering daily life and affecting the business environment.

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

Martín Coronado

Senior analyst

OUR PERSPECTIVE

Changes in the Cabinet have strengthened the alliance with Congress amid a context of growing institutional weakness.

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.

Economic growth likely remained steady at the beginning of Q2 and is becoming increasingly broad-based, despite the uncertain external environment.

So far this year, the economic recovery appears to have consolidated, with growth becoming more broad-based. Domestic demand has shown solid performance.

The serious deterioration in the conduct of economic policy in the United States would impact Peru's economic growth mainly in 2026.

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.

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