Political outlook
At the end of January, the Registry of Political Organizations counted 41 parties with current registration and 33 organizations in the registration process.
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.
In the third quarter of 2024, the economy showed a more pronounced recovery. During the quarter, a series of indicators linked to local demand recorded a better performance than in the first half.
A distinctive feature of the Boluarte government has been its tendency to give in to pressure from protest groups with the capacity to mobilize.
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.
In the third quarter of 2024, the economy showed a more pronounced recovery. During the quarter, a series of indicators linked to local demand recorded a better performance than in the first half.
In August, the Consumer Confidence Index for Metropolitan Lima, by IPSOS and APOYO Consultoría, stood at 43 points. Although consumer confidence remains below the optimistic level, it has registered a modest increase since the fall in May.
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.
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.
