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Peru’s Recession Deepens Amid Political Chaos
Peru’s economy has been contracting for six months, marking its longest recession in over two decades. In October, economic activity fell by 0.82% year-on-year, slightly less than the expected 0.9% contraction. This downturn is part of a wider trend of economic decline. Political instability and social unrest have weakened business confidence, impacting growth. Poverty in […]
Chile reports the lowest yearly inflation in 24 months at 5.3% in August
Chile reports the lowest yearly inflation in 24 months at 5.3% in August. The National Institute of Statistics (INE) provided this data. This is the lowest rate in two years. Yet, it doesn’t meet the Central Bank’s 2-4% increase target. August’s inflation fell 1.2 points from the previous month. Local media say this is a […]