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.
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.
A distinctive feature of the Boluarte government has been its tendency to give in to pressure from protest groups with the capacity to mobilize.
During the month of August, attention was focused on the dynamics within Congress. In view of the election of the Board of Directors and the recomposition of the ordinary commissions, numerous movements were recorded in the benches.
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.
In August, the Consumer Confidence Index for Metropolitan Lima, by IPSOS and APOYO Consultoría, stood at 43 points. Although consumer confidence remains below the optimistic level, it has registered a modest increase since the fall in May.
During the 2Q2024, economic growth was driven by the rebound of primary sectors, such as traditional agriculture and fishing, and by higher public spending, supported by an estimated increase of 11% in public wages and 16% in public investment, adjusting for inflation.
During the month of August, attention was focused on the dynamics within Congress. In view of the election of the Board of Directors and the recomposition of the ordinary commissions, numerous movements were recorded in the benches.
Although the implicit alliance between the Executive and the Legislative remains in force, in recent months we have seen a progressive weakening of the Executive.
During the second quarter, GDP would have grown at a higher rate than during the first quarter, mainly due to the recovery of the primary sectors.
