Peru ranked as one of the countries with the lowest rating in the Misery Index elaborated by the the Institute of Economy at the Chamber of Commerce of Lima (CCL).
This indicator dropped from 11.3 last year to 10.1 this year.
According to the CCL, this reduction is the result of “a better execution of social programs and the timely application of governmental measures like the Economic Stimulus plan, which has been executed by 93%.
This index is the result of the addition of the unemployment and inflation rates; when these post an increase, they automatically generate social unrest, and they also have an effect in the decisions taken by the economic agents regarding to savings, investment and consumption.
It also has an impact on the expectations of both entrepreneurs and consumers.
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