The central bank of Peru projects a 4% economic growth in January, reflecting recovery from a 2023 recession. This aligns with analyst expectations and indicates ongoing improvements leading to future growth ambitions.
Peru’s central bank predicts that the economy experienced a growth of approximately 4% in January, as indicated by Chief Economist Adrian Armas during a recent conference call. This forecast aligns with analysts’ projections and precedes the government’s upcoming release of the monthly economic statistics. The nation’s economy has been recovering from a recession that occurred in 2023, where it faced a contraction of 0.4%. Following this downturn, the economy rebounded with a growth rate of 3.3% last year, and the government anticipates a continuation of this positive trend, projecting an overall growth of around 4% by the end of 2025.
In summary, the Peruvian economy is on a steady recovery path, achieving an estimated 4% growth in January. This follows a previous recession and a subsequent growth of 3.3% last year. The central bank’s optimistic outlook suggests continued economic improvement, with expectations of sustained growth towards 2025.
Original Source: www.tradingview.com
