Peru: LatinFocus raises its GDP projection to 10.6% for 2021

LatinFocus has once again raised the projection of the gross domestic product (PBI) of the Peru for this year to 10.6%, from an advance of 9.9% expected in last September, with which the country’s economy will expand more than the regional and world average.

The panelists of the FocusEconomics Consensus Forecast LatinFocus stated, meanwhile, that the average for Latin America and the world will register growth of 6.2% and 5.8% respectively.

In addition, the Peru will have a greater expansion than China (8.4%), the United States (6.1%), the Euro zone (4.8%) and Japan (2.5%) this year, estimated the FocusEconomics Consensus Forecast LatinFocus, in its last report of October 2021.

While in 2022, Peru will show an advance of 3.4%, above the average for Latin America (2.7%), although below the world average (4.4%), analysts forecast.

Next year, Peru, too, will register a higher growth than Japan (2.6%), projected the panelists of the FocusEconomics Consensus Forecast LatinFocus.

Likewise, Peru will register an expansion greater than the Latin American average in the next five years, according to the FocusEconomics Consensus Forecast LatinFocus.

Thus, the Peruvian average will grow 10.6% in 2021, 3.4% in 2022; 3.4% in 2023; 3.3% in 2024 and 3.2% in 2025, while the Latin American average will advance 6.2% in 2021; 2.7% in 2022, 2.5% in 2023; 2.5% in 2024 and 2.5% in 2025, analysts estimated.

By 2023, our country will expand 3.4%, so it will be in second place together with Colombia (3.4%), after Paraguay, whose advance will be 3.7%, it projected in its latest report , October 2021, the FocusEconomics Consensus Forecast LatinFocus.

It will be followed by the economic activities of Bolivia (3.1%), Uruguay (2.7%), Argentina (2.4%), Mexico (2.4%), Brazil (2.2%), Chile (2, 1%) and Ecuador (2%).