MEF adjusts growth projection of the Peruvian economy to 4%: What factors support it?

During the presentation of the economic performance perspectives 2025, the head of the MEF José Salardi reported that the productive activity of Peru would reach a growth of 4% this year, which, the previous projection would rise 0.9%, having in Account that the multiannual macroeconomic frame 2025-2028 set 3.1%.

“We have announced some preliminary measures that we are working on, in addition, we have had important conversations with guilds, congressmen and more. In that line, we are able to point out that for this year we could have a growth rate in order of 4%, exceeding the global average, “said Salardi.

In that line, the head of the MEF said that there is a favorable context to adjust the country’s GDP due to high metal prices, greater dynamism of public and private investment, as well as the control of inflation and a decrease in the fiscal deficit that would reach 2.2%. For these last two considerations, he said that there is a joint commitment to the Central Reserve Bank and the Fiscal Council.

Finally, he indicated that inflation will conclude the year about 2% and the exchange rate will close at S/3.78.

Economy grew 3.3% in 2024

According to the latest INEI report, the Peruvian economy grew 3.33% in 2024 due to a better performance of sectors such as fishing, transport and agriculture that grew 24.89%, 6.1% and 4.94%, respectively. As for the December data, the GDP rose for the third consecutive month and reached 4.85%.

Precisely, fishing recovered from a 2023 economic recession and scored a better performance during the past year, while agriculture expanded by 4.94% for an increase in the agricultural and livestock subsector.

Source: Larepublica

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