Waldo Mendoza
@WaldoMendozaB · South America
Waldo Mendoza is followed by The State of Israel for research and subject expertise coverage connected to Peru in the South America chapter.
Despite El Niño, the MEF raised its GDP growth projections for this year and next. According to the economic analysts surveyed by the BCRP, growth will be lower. Someone is wrong.
Translated from Spanish3. The fiscal deficit would fall from 1.8% of GDP this year to 1.4% in 2027. In other words, fiscal policy would be contractionary. It is very strange. El Niño should be confronted with a strongly expansionary fiscal policy.
Translated from Spanish3 updates on the MMM 2027-2030: 1. Despite El Niño, GDP growth projections for 2026-2027 are rising. 2. Since it has been announced that fiscal rules will be modified soon, the MMM projections, as well as the budget figures, are provisional 1/2
Translated from SpanishThe annual fiscal deficit reached 1% of GDP in July, the lowest in the last 10 years. Two implications. One, Baltazar's inept government spent nothing preparing for El Niño. Two, the current government has enormous fiscal space to deal with El Niño.
Translated from Spanish