Peruvian Institute of Economy: four regions would enter recession
Puno, Cusco, Apurímac and Madre de Dios would have had negative results in the fourth quarter due to protests and roadblocks.
A gigantic damage to the country. As a result of the protests and roadblocks by a group of violent activists demanding the resignation of President Dina Boluarte, the closure of Congress and the convening of a Constituent Assembly to draft a new Constitution, four regions of the country will suffer an economic recession according to a warning from the Peruvian Institute of Economy (IPE).
In statements to a media outlet, Víctor Fuentes, head of the IPE , pointed out that Puno, Cusco, Apurímac and Madre de Dios have been seeing a drop in their economy for three months.
"Although a slowdown in the economy is registered on the national scene, it is very likely that we will face a recessionary scenario in the southern regional economies, basically Puno, which is practically paralyzed, as well as Cusco, with a very affected tourist activity, like Madre de Dios and Apurímac” , he explained.
Likewise, the IPE economist also pointed out that the economies of these regions, which had already registered negative figures in the fourth quarter of 2022, if they continue the "protest" measures, they will also have serious problems in the first quarter of this year.
According to the February 'Economic Thermometer' of the Peruvian Institute of Economy, in the analysis of the latest indicators of economic activity, there are signs of significant risks for the economy, private investment and employment. Read More…
