* Peru’s finance ministry has released new figures showing a sharp decrease in private investment in the first quarter of 2023. Private investment in Q1 fell by 13% year-on-year, following smaller year-on-year contractions in Q4 2022 (-2.5%) and Q3 2022 (-0.8%). The finance ministry noted that the 13% drop in Q1 was the sharpest contraction since 2009, excluding figures from during the coronavirus (Covid-19) pandemic. Economy & Finance Minister Alex Contreras blamed the fall in private investment on the social unrest which swept Peru in the first three months of the year, saying that investment “practically collapsed” as a result of the anti-government protests.
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LatinNews Daily - 28 April 2023
In brief: Protests cause private investment to fall in Peru
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- Publishing note