He International Monetary Fund (IMF) This Tuesday it reduced its growth projection for the Peruvian economy in 2023 and placed it at 1.1%, after its last update in May, where it gave it 2.2%.
The international organization also increased its estimates for the Andean nation in 2024, and estimated that GDP will advance to a robust 2.7% – similar to the 2022 record – linked to a progressive de-escalation of inflation.
According to the October outlook, prices in our country will increase 6.5% in 2023, well below the 7.9% with which the economy closed 2022. By 2024, inflation would be reduced to 2.9%, returning to your target range.
Similarly, the IMF warned that the unemployment rate in Peru would fall two tenths in 2023 and would be at 7.6%, but would remain in that limbo for 2024, when it would close at around 7.4%.
On the other hand, the multilateral organization specified that the Latin American economy will expand 5.2% in 2023 and 4.8% in 2024, an annual development since its last review of four tenths and one tenth, respectively. This, thanks to the support of the markets in Brazil and Mexico.
Finally, stagnation of the global economy is expected up to 3% in 2023 and 2.9% in 2024, after the 3.5% recorded in 2022 and still below the IMF’s historical average of 3.8%.
Source: Larepublica
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