During January the Peruvian economy fell 1.12%, mainly affected by the sociopolitical crisis since the arrival of Dina Boluarte to the government. Despite the climate emergency caused by Cyclone Yaku, the Ministry of Economy and Finance (MEF) assures that the impact will not be so pronounced.
Alex Contrerashead of the MEF, anticipated that in February the GDP would rise but would be below 1%, and in March and April, it would appear at 2% and 4%, respectively.
The official stressed that the Peruvian economy “is resilient”, and this allows for a not-so-complicated outlook even with internal and external threats, since there is a recovery in business expectations for 12 months.
In addition, the growth seen towards the first four months of 2023 would be supported by the recovery of electricity production (6.9%) and public investment (40.3%).
Source: Larepublica
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