Political outlook

04/05/2024

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.According to the fiscal thesis, Boluarte would have received three Rolexes, gold earrings and a bracelet, in exchange for issuing a series of decrees that benefited the regional government of Ayacucho, through an increase in budget items.

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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.