The peruvian economy ended the second quarter of the year with a negative performance, experiencing an estimated drop of 0.5%, according to the Central Reserve Bank of Peru (BCRP).
The negative performance of the fishing sector and the lower development of the primary sector during June are factors that contributed to this result, according to Adrian Armascentral manager of Economic Studies of the BCRP.
In this sense, Armas highlighted that the projections point to a decrease in the Gross Domestic Product (GDP) during the sixth month of the year, although this drop is expected to be less pronounced compared to the -1.3% registered in May. “In the month of June it is estimated that the GDP will drop, but not as much as the -1.3% that was in the month of May. It is estimated that this could be between -0.5% to -0.7%, more or less“, he said during the presentation of the August 2023 Monetary Program.
It is important to mention that the Ministry of Economy and Finance (MEF) had initially forecast a fall of close to 1% for GDP in June; however, it later updated its forecast to 0% due to the good performance of the mining sector.
Source: Larepublica
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