Category: Economy

Economy shrinks nearly 12% in July

Figures released by the National Statistics Institute (INEI) on 16 September show that Peru’s GDP was 11.7% lower in July than the same month a year earlier. Bit by bit, output data reveal a slow recovery from the 40% decline,...

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Economic freefall

According to figures published by the central bank on 20 August, the Peruvian economy shrank by a full 17.4% in the first half of this year compared to the same period in 2019. The worst hit areas were construction (-42%),...

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Covid-19 and taxation

Many are the estimations emerging from Lima’s consultancies about the impact of Covid-19 on economic output this year. In reality they are little more than guesses, since the impact of the crisis will depend on how long it...

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