March 14, 2023 13:58 GMT
Economic Activity Expected To Decline, Scheduled On Wednesday
- President Dina Boluarte on Monday evening announced the creation of the National Infrastructure Authority with the aim of promoting emblematic public works that are needed in the country and preventing the adverse effects of natural phenomena.
- The Head of State stressed that the Executive Branch is working tirelessly to deal with the emergencies caused by heavy rains in various regions across the country. (Andina)
- Economic activity data for January is scheduled for tomorrow and is expected to decline -0.9% Y/y.
- Disruptions due to social protests should account for most of the sharper decline, remaining a drag in February and ease in March. Transitory disruptions aside, analysts note the results will likely show the negative impact on growth from increasing political instability, tighter monetary policy and waning stimulus measures.