IMF sees Peru with more pessimism: economy will now grow 2.4% this year

IMF sees Peru with more pessimism: economy will now grow 2.4% this year

“The prospects are very uncertain,” they warn. Political uncertainty, social unrest and natural disasters put national activity in check.

He International Monetary Fund (IMF) revised downward its outlook for Peruvian economic growth for this year, now placing it at 2.4%.

Before, the global front expected GDP to close 2023 at 2.7%, but they acknowledge that “the outlook is very uncertain and downside risks prevail.”

Not only due to global factors such as the war between Russia and Ukraine and the slowdown in global GDP, but also due to the political and social crisis that has been shaking Peru for two months.

“The main internal risks include an intensification of political uncertainty, social unrest from political events and natural disasters, which could hamper economic activity and put fiscal consolidation at risk planned in the medium term,” they detailed in a statement.

Source: Larepublica

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