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World Bank raises its Peruvian GDP growth projection to 2.7%

World Bank raises its Peruvian GDP growth projection to 2.7%

On the contrary, it reduced its estimate for the economy of Latin America and the Caribbean to 1.6%, as a result of a critical situation.

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The World Bank assures that Latin America and the Caribbean are at a critical juncture, since growth has stagnated. Thus, they reduced their GDP projection for the region from 2.3% to 1.6%.

On a global scale, we have the lowest rates of economic variation because they are “insufficient to drive prosperity.”

In the case of Peru, The World Bank raised its economic growth projection from 2.5% to 2.7%, but for 2025 and 2026 they predict a rate of 2.4%with which the local GDP will exceed the regional average after two years, although they warn that structural flaws must be corrected to stay afloat.

According to the WB, the Latin American and Caribbean economies suffer from “anemic growth rates” due to problems such as low capital accumulation and long-term productivity, as well as the wave of crime — which has made Latam the region’s ” most violent in the world”—which damages reputation for investments.

Likewise, they questioned the monopolies and concentrated levels of market power and political power that feed off each other and “do not give desired results for society.”

Author's photo

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

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