The Silent Crisis: How Peru’s Middle Class Has Vanished Since 2019 – The Shocking Exodus Explained

Lima, Peru — The economic foundation of Peru’s middle class has been eroded over the past seven years, with official data confirming that 1.2 million people have fallen out of this crucial economic stratum since 2019, according to the latest analysis from Peru’s Institute of Economic Research (IPE). This dramatic decline—equivalent to about 4% of … Read more

Peru’s Economic Growth Slows in November: Sector Breakdown

Peru’s economic activity showed a mixed performance in November 2023, with growth in some sectors offset by declines in others. The country’s Gross Domestic Product (GDP) grew by 3.39% in the first 11 months of the year, according to the National Institute of Statistics and Informatics (INEI) . Sectoral Performance Mining Production Decline: A key … Read more