The Latest Survey of Macroeconomic Expectations: Alarming Decline in Indicators Revealed by Central Reserve Bank (BCR)

2023-07-08 12:00:00

The latest Survey of Macroeconomic Expectations of the Central Reserve Bank (BCR) showed not very encouraging results. Of the 18 indicators presented, 14 registered decline in June, compared to May, two obtained a similar score and only two grew.

For example, the expectation regarding the “situation of your company in three months” went from 51 to 46 points in one month; that is to say, it left the optimistic section (more than 50 points) and stood in the pessimistic section (less than 50).

There was also a drop in what is expected for “12-month hiring of personnel”, which dropped from 54 to 52 points, and the “demand for its products” for a year that went from 63 to 61 points.

Look: Collection reached S/10,102 million in June

The former Minister of Economy and Finance David Tuesta explained to this newspaper that the results would show that companies “are noticing that demand is quite weak” and that the policies that the current government is implementing are not enough.

“They are not observing a sufficient commitment on the part of the Government with the investment. I would do everything possible to get the mining investment off the ground,” he added.

Another problem that arises, he pointed out, is that subnational governments are not properly executing their budget.

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