Economic Strain in Peru: The Dual Crisis of Rising Poverty and Falling Income

In 2023, Peru faced a deepening economic strain, evidenced by rising poverty levels and falling real incomes. Nearly 30% of Peruvians, equating to 9.7 million individuals, lived below the poverty line, marking an increase of 1.5 percentage points from the previous year. This trend was particularly pronounced in urban areas, where poverty rates escalated to […]