Opinion: Business confidence collapses in Peru

Luis Benavente, a political analyst and the director of Vox Populi, highlights that the business confidence index has been at its lowest levels in the last 18 months. And this is only the beginning, the result of the first year of Castillo's government.

By Luis Benavente

RIO DE JANEIRO, BRAZIL - (Opinion) Cumulative inflation in Peru has reached 8.62%. It is the highest level in 24 years since the El Niño phenomenon destroyed the Peruvian economy in 1998. In other words, the negative impact of Pedro Castillo's government on the country's economy is as devastating as the 1998 El Niño phenomenon.

And this is only the beginning, the result of . . .

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