Israel-Hamas: How will it affect Peruvians’ economy?

It has been more than a week since Israel declared a state of war following a bloody attack by the Islamist group Hamas on Israeli territory.

The Israeli military says more than 1,400 people have died in the conflict, most of them civilians. Israel responded to the bombings in the Gaza Strip and according to local authorities, at least 2,750 people lost their lives. The war left not only death and pain in this region. This war will have global repercussions.

[Lee también: TikTok suprimió más de 500 000 videos y transmisiones en vivo del conflicto Israel-Hamás]

How is the Israel-Hamas war affecting the Peruvian economy?

“This event, even thousands of kilometers from here, could have a catastrophic effect on the global economy, especially since we are lagging behind in inflation, which has been hitting us in recent months,” said Jose Ruidias Rojas. , teacher at Pacifico Business School, Dept Economic report From TVPerú Noticias.

“The first thing that will be affected is the price of oil. Not necessarily because Israel is a big producer of this fuel, but countries around it like Iran, which has an impact on global oil production and prices,” he pointed out.

“Peru is an importer of oil, so we are at a disadvantage. By importing at an additional cost, it is transferred to transportation in our country. Companies that distribute within Peru have to raise their prices,” he said. .

Israel - Hamas War

José Ruidias Rojas, a professor at the Pacífico Businnes School in the economic reporting section of TVPerú Noticias, also mentioned the measures to be taken by the Central Reserve Bank of Peru (BCRP). This reference YouTube video has a complete explanation.

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“Thousands of kilometers away from the war, the effects it can have on our economy are huge as it adds to the inflation we are already experiencing. Let’s hope this conflict is resolved soon,” Indian .

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