Peru's Recession Deepens Amid Political Chaos

INSUBCONTINENT EXCLUSIVE:
0.82% year-on-year, slightly less than the expected 0.9% contraction.This downturn is part of a wider trend of economic decline
Political instability and social unrest have weakened business confidence, impacting growth.Poverty in Peru has risen to 27.5%, undoing a
Unemployment is increasing as well.The political landscape has been unstable, with seven presidents in eight years
(Photo Internet reproduction)Yet, there have been no charges for these fatalities
Business owners previously did not cite these as key concerns.Economic issues were manageable due to a stable central bank and finance
seen a split in approval ratings
The wealthy approve of her more than the poor do.The current administration has largely ignored the areas most affected by protests.Under
a projected 2.7% growth
the first quarter of 2024
Key to this recovery are consumer spending and primary sector production.However, job improvement might lag, only picking up in the latter
half of 2024
instability.The once-promising economy now faces significant challenges, with hopes pinned on a recovery in 2024.The impact of these
challenges spans various sectors, affecting poverty, unemployment, and investor confidence.