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Oxford Economics See Pressure On Boluarte Q1 Exit

PERU
  • In a research note from Oxford Economics, they note the growing size and scope of anti-government protests in Peru risk forcing President Dina Boluarte out of office by the end of the first quarter.
    • Supply chain disruptions have led Oxford Economics to reduce its 2023 growth outlook by 0.2 percentage points to 2.5%, with risks “clearly tilted to the downside”.
  • Americas Quarterly columnist Will Freeman notes that Peru’s troubles go deeper than the conflict over the election calendar, stating that even if the President and the entire congress were to resign immediately, “democratic erosion would likely persist.” He continues that “until reforms prevent the President and Congress from abusing their powers to rein in each other, Peru will continue to spiral.”
  • Separately, the Public Ombudsman’s Office said via Twitter that two people were killed in the continuation of protests in Peru Thursday. The deaths happened in the town of Macusani and the city of Arequipa in southern Peru.
    • Protests in Lima were reportedly mostly peaceful Thursday with 6,000 to 7,000 participants, with the exception of violence in an attempt to enter the congress and in the Miraflores area.
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  • In a research note from Oxford Economics, they note the growing size and scope of anti-government protests in Peru risk forcing President Dina Boluarte out of office by the end of the first quarter.
    • Supply chain disruptions have led Oxford Economics to reduce its 2023 growth outlook by 0.2 percentage points to 2.5%, with risks “clearly tilted to the downside”.
  • Americas Quarterly columnist Will Freeman notes that Peru’s troubles go deeper than the conflict over the election calendar, stating that even if the President and the entire congress were to resign immediately, “democratic erosion would likely persist.” He continues that “until reforms prevent the President and Congress from abusing their powers to rein in each other, Peru will continue to spiral.”
  • Separately, the Public Ombudsman’s Office said via Twitter that two people were killed in the continuation of protests in Peru Thursday. The deaths happened in the town of Macusani and the city of Arequipa in southern Peru.
    • Protests in Lima were reportedly mostly peaceful Thursday with 6,000 to 7,000 participants, with the exception of violence in an attempt to enter the congress and in the Miraflores area.