Persistent political uncertainty “decreases the appetite to carry out urgent reforms to boost potential growth,” the IMF says.
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The International Monetary Fund (IMF) maintains its growth forecasts for Peru at 2.5% in 2024 and 2.7% for 2025, with an economy that “is recovering” after the effects of the El Niño phenomenon and the social unrest of early 2023.
The prospects for a rebound of up to 2.5% are supported by a strong recovery in agriculture, fishing and miningas well as a more flexible orientation of monetary policy.
However, while nominal wages gradually recover their purchasing power and high political uncertainty hampers consumer and business confidence, only a moderate variation in private consumption and private investment is expected.
In its latest report, the IMF assures that Peru is “in a period of relative political stability”, although it recognizes that the “persistent uncertainty” reduces “the appetite to carry out urgent reforms that will boost potential growth.” .
Journalist from the Peruvian University of Applied Sciences (UPC) with a major in Management and Leadership. She is editor of La República in the economics section for digital and print.
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.
