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Political outlook

02/07/2024

Congress continues to promote initiatives in the face of a weakened Executive

Although the implicit alliance between the Executive and the Legislative remains in force, in recent months we have seen a progressive weakening of the Executive. Faced with a government with less and less power to exercise a counterweight, Congress has been gaining ground. This has been reflected in the approval of anti-technical regulations without a counterweight from the Executive. On the one hand, there has been an increase in the approval of initiatives that seek to increase public spending and, on the other, of populist initiatives.

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María Alejandra Gutierrez

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.

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

Although the implicit alliance between the Executive and the Legislative remains in force, in recent months we have seen a progressive weakening of the Executive.

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