After two years, the Peruvian economy will surpass the regional average. In 2025, they aim for a rate of 2.7%.
The International Monetary Fund (IMF) maintained its projection for the growth of the Peruvian economy for 2024 at 2.5%. It is worth noting that at the beginning of the year they estimated a rate of 2.7%.
So, after the recession, Local GDP will again exceed the regional average: the IMF expects South America to grow by 1.4% and Latin America and the Caribbean by 2.0%. Peru is expected to grow by 2.7% in 2025.
The IMF’s estimate is far from the 3.1% projected by the Ministry of Economy and Finance and the Central Reserve Bank of Peru, who even state that the rate has an upward bias. The World Bank, for its part, points to 2.7% and Citi Research, 2.4%.
The only South American country that will end 2024 in the negative is Argentina (-2.8%) and by next year, it would rebound to 5.0%; while those that will be at a better pace are Venezuela and Uruguay (4.0% and 3.7%, respectively).
Source: Larepublica
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