Peru's Economy Minister, Alex Contreras, has admitted that the country is in a recession, a statement that comes after months of denial from the finance ministry. Contreras's acknowledgment of negative growth signals a shift in the government's stance and highlights the need for stimulus measures. The admission has been echoed by various sources, including the finance ministry and market analysts. This development raises concerns about Peru's economic prospects for the near future and underscores the challenges ahead for the country's policymakers.
A recession is no longer the consensus https://t.co/GD04gJUVMH https://t.co/LKDYO7LvHF
#copper is acting weak, and that has to do with the real economy on track to enter #recession no earlier than 3 months from today. Prospects for acceleration are faltering for 2024, and hard landing is unavoidable. https://t.co/5x6SzuruDS
Some of the biggest money managers in Europe say traders are wrong to bet the European Central Bank is done hiking interest rates https://t.co/Xd20w98UNS
"The curve is now closer to disinverting...than it has been in more than a year. That means traders are more confident that there are no hikes in the near future, but also much less confident about more cuts in the longer term." @johnauthers https://t.co/Km4SVAbloR
'No doubt' Peru in recession, econ minister says, seeking stimulus https://t.co/tad69zSvbt https://t.co/VlHEBZVovY
Peru’s finance ministry says the economy is in recession, after months of denying that this was really the case https://t.co/5SjaqUHsPR
Peru’s finance ministry says the economy is in recession, after months of denying that this was really the case https://t.co/BuO1X6rxkD
🇵🇪 'NO DOUBT' PERU IN RECESSION, ECON MINISTER SAYS, SEEKING STIMULUS Full Story → https://t.co/8EGtpgyBuo There is "no doubt" Peru is in a recession, Economy Minister Alex Contreras said on Friday, his first acknowledgment of the country's negative growth, before speaking… https://t.co/pn9roC2cql