US EditionPeru’s Economy Slows as Mining Struggles, Central Bank Lowers Growth Forecast
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7 Articles
Peru’s Economy Slows as Mining Struggles, Central Bank Lowers Growth Forecast
Peru’s Central Reserve Bank has slightly lowered its prediction for how much the country’s economy will grow in 2025. The new forecast is 3.1%, down from the earlier estimate of 3.2%. This change comes mainly because Peru’s important mining sector, especially metal mining, is not expected to do as well as previously thought. Mining is […]
BCR revises downwards its growth projection for 2025
The Central Reserve Bank (BCR) adjusted its estimate of growth of the economy for 2025 to a decrease of 3.2% (March) to 3.1% (June), reported its president, Julio Velarde.In a press conference, he said that it is a consequence of the lower contribution of the metal mining sector, whose growth rose from 2% (March) to 0.3% (June).He also referred to the fiscal deficit (more expenses than revenues), indicating that it will decrease and that it will…
The Central Reserve Bank adjusts its estimate of GDP for 2025 from 3.2% to 3.1%, due to the lower dynamism in the mining and hydrocarbon sectors. Despite the cut, Per continues among the economies with better performance or projected in the region.
The Central Reserve Bank of Peru (BCRP) adjusted its projection of growth for the Peruvian economy from 3.2% to 3.1% in the face of a lower performance observed in the mining and hydrocarbon sector. Added to this, could the beginning of the next elections impact the activity in what remains of the year?BCRP president Julio Velarde pointed out that nervousness in the elections would only impact the economy when it is closer to the 2026 elections.…
Bcrp previews that the primary GDP will close 2025 with an increase of 2.1%, upped by items like Fishing (8.6%), Hydrocarbons (4.0%) and Manufacturing (4.1%)
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