The economic recovery in Q3 has extended into Q4. During Q3, private investment showed clear signs of recovery, with a 4% growth compared to the same quarter in 2023, the highest rate in three years. This increase was associated with a relatively optimistic level of business confidence, lower corporate financing costs, and the progress of large infrastructure projects such as the Chancay port, Line 2 of the Lima Metro, and the expansion of the Lima Airport and the Muelle Norte in Callao. In fact, the machinery acquired for the Chancay port accounted for around a fifth of the growth in capital goods imports in the quarter.
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Analyst
At the end of January, the Registry of Political Organizations counted 41 parties with current registration and 33 organizations in the registration process.
2024 was a year of inflection in the economic cycle, where there was moderate growth after the recession of 2023.
Last week, Congress removed Energy and Mines Minister Rómulo Mucho from office with 80 votes in favor, 4 against, and 10 abstentions. Of the 13 parliamentary groups in Congress, 11 supported the motion.
