Political outlook

31/07/2024

President Boluarte highlights infrastructure and mining in July 28 speech, but implementation of some initiatives raises concerns

This weekend, President Boluarte gave her July 28 address, in which she highlighted the push for Government-to-Government (G2G) agreements, the development of mining projects, the merger and creation of new ministries – including the Ministry of Infrastructure – and the confirmation of the increase in the minimum wage before the end of 2024.

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Martín Coronado

Senior analyst

OUR PERSPECTIVE

3Q2024 starts with clearer signs of recovery in private domestic demand

During the 2Q2024, economic growth was driven by the rebound of primary sectors, such as traditional agriculture and fishing, and by higher public spending, supported by an estimated increase of 11% in public wages and 16% in public investment, adjusting for inflation.

Congress 2024-2025: New leadership and recomposition of commissions will modify some legislative dynamics

During the month of August, attention was focused on the dynamics within Congress. In view of the election of the Board of Directors and the recomposition of the ordinary commissions, numerous movements were recorded in the benches.

The improvement in private consumption in 2H2024 could be differentiated by socioeconomic segments

During the second quarter, GDP would have grown at a higher rate than during the first quarter, mainly due to the recovery of the primary sectors.