During February, there was a decrease in the number of protests at the national level, as well as a focus on demonstrations in the south of the country, particularly in Puno. Despite the tense calm, new outbreaks of conflict are not ruled out in the coming months, due to latent citizen discontent and the lack of initiatives to solve the political crisis.
At this juncture, Congress does not seem to be in tune with citizens’ demands and failed to reach consensus on the call for early elections in the last legislative session.If the debate is resumed, Congress will have to approve the measure in the next two sessions (March to July and August to December 2023).
While the Executive remains stable and Congress seems to have no incentive to approve the call for early election, the likelihood of further protests and demonstrations remains. This is due to high levels of disapproval of both branches of government and the possibility of a new crisis.
To access the complete report contact us at: contactaSAE@apoyoconsultoria.com
Senior analyst
Last month, we identified four pieces of good news for the business environment: (i) lower prices of certain imported goods, (ii) lower political risk, (iii) improved business confidence, and (iv) some stabilization in local financial variables.
Six months into the administration, signs of an impending deterioration in the relationship between the Executive and Congress are starting to surface.
After a challenging start of the year, characterized by social conflicts and heavy rains, the Peruvian economy has begun to show signs of recovery, albeit at a slow pace.
