After the 0.4% contraction seen in 2023, the multinational front warns that political instability continues to affect investment projects.
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The World Bank warned that the Peruvian economy closed 2023 with a fall of 0.4% — its worst result in more than two decades, not counting the pandemic — and for this year, they expect an auspicious rebound as a result of the better conditions. climatic.
Thus, the multinational bloc foresees a growth of 2.5% thanks to the good performances of sectors such as agriculture, fishing and manufacturing. For 2025 they estimate a rate of 2.3%.
According to their recent report, they expect that the production of the main copper mines in Peru will increase and catapult mining activity; Added to the fact that inflation entered a downward trajectory and with the reductions in the reference interest rate, the forecasted GDP growth would be supported.
Nevertheless, The economy remains subject to political uncertainty, which “continues to affect consumers, business confidence and hinders investment in projects,” the World Bank stated.
Once again, Peru would once again exceed the regional average, since by 2024 they estimate that the GDP of Latin America and the Caribbean will be 2.3%. “As inflation declines, central banks are expected to lower interest rates, which will reduce obstacles to increased investment,” they noted.
Trained at the Jaime Bausate y Meza University. In constant learning. Economics is the branch of journalism closest to the people and my duty is to be a bridge to information.
Source: Larepublica
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
