Peru’s Central Bank Projects 4% Economic Growth in January

Peru’s central bank projects a 4% economic growth in January, following a 3.3% increase last year post-recession. The economy contracted 0.4% in 2023, but recovery is expected to continue, with a forecasted growth of around 4% by the end of 2025.

The central bank of Peru forecasts that the nation’s economy expanded by approximately 4% in January, according to Chief Economist Adrian Armas. This estimate aligns with analysts’ predictions and is released just one day prior to the government’s scheduled announcement of the monthly economic figure. Following a recession in 2023, where the economy contracted by 0.4%, Peru has shown signs of recovery, recording a growth of 3.3% last year. The government anticipates that this growth trend will continue, projecting an overall growth rate of about 4% by the end of 2025.

In summary, the central bank of Peru’s optimistic forecast of a 4% economic growth in January reflects a positive recovery trajectory post-recession. With a growth rate of 3.3% recorded in the previous year, the government’s expectation of continued growth leading to a total of 4% by 2025 underscores the resilience of the Peruvian economy.

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