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Peruvian business confidence rises after Pedro Castillo’s departure from power

Daniel Stewart

2023-01-07
The
The President of Peru, Dina Boluarte, President of Peru, Dina Boluarte – MARIANA BAZO / ZUMA PRESS / CONTACTOPHOTO

The removal of Pedro Castillo as president of Peru has led to a slight increase in employers’ confidence in the economy, specifically in 11 of the 18 indicators included in a statistical study.

The latest Survey of Macroeconomic Expectations of the Central Reserve Bank (BCR) shows an increase in the 12-month expectation index of the economy, which went from 43.3 to 54 points, while the expectation of the sector increased from 49.5 to 58.5 points, reports the newspaper ‘Peru 21’.

However, despite this improvement in the results, only six of the 18 indicators are in the optimistic range, that is, above 50 points.

The BCR survey also forecasts an improvement in GDP growth expectations for this year: from 2.3 to 2.5 percent. The financial system would improve in the same proportion.

Former Minister of Economy and Finance David Tuesta has pointed out that the results of the BCR survey show that there is «greater confidence in the new administration».

«There is more confidence in contrast to the aggressive tone of the messages of former President Castillo and his officials. Today there is a greater preference for technical issues», he said in statements to ‘Peru 21’.

«It seems that the conflict situation is a little more under control than in December, however, we have to see what happens in the following political events, such as the second vote for the advance of elections and the possible presidential campaign», he added.

Source: (EUROPA PRESS)

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