• Economy

    OBG provides coverage of the major macro-economic trends within local economies, including GDP growth, government budgeting, public debt, balance of payments, monetary policy and long-term development strategies.
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Perú intensifica sus esfuerzos para controlar la corrupción y mejorar la transparencia en los procesos gubernamentales, luego de una serie de escándalos recientes en las más altas instituciones del Estado; sin embargo, ciertos obstáculos políticos podrían frenar el ritmo de la reforma.

 

Peru has made progress in reducing its fiscal deficit, bringing it down from 3.1% of GDP in 2017 to 2.5% in 2018, before reducing it further to 2.1% in February 2019, according to the Central Reserve Bank of Peru. Furthermore, Scotiabank Perú, the local subsidiary of the Canada-based financial institution, has forecast the deficit will be...

 

Global trade will continue to face headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation (WTO), trade volume grew by 3% in 2018 and is expected to decline slightly to 2.6% in 2019 before rebounding back to 3% in 2020. This may be the first time since the 2007-08 global financial...

 

What sectors of the economy is the government prioritising for foreign direct investment (FDI)?

 

When we took power in 2018 the country’s economic situation was far from ideal. In addition to sluggish growth rates, the country was going through a period of high political polarisation that generated an atmosphere of uncertainty, which was reflected in declines of both growth and investment.

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