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

Peru’s central bank estimates a 4% economic growth in January, consistent with analyst predictions. This comes after a 0.4% contraction in 2023 and a 3.3% growth in 2023. The government aims for a continuation of this positive trend, expecting around 4% growth by 2025.

Adrian Armas, the chief economist of Peru’s central bank, reported on a recent call that the country’s economy is anticipated to have grown by approximately 4% in January. This forecast aligns with the expectations of analysts and is particularly timely as the government prepares to release the official monthly economic figures. Peru’s economy has recently shown signs of recovery after experiencing a contraction of 0.4% during the recession of 2023. Following this downturn, the economy rebounded with a growth rate of 3.3% last year, and the government now projects an annual growth of about 4% by the end of 2025.

In summary, Peru’s economy is projected to have grown by 4% in January 2024, reflecting a solid recovery from the previous recession. The consistent growth rates since last year indicate a positive trajectory, leading to government forecasts of around 4% growth through 2025. This information paints an encouraging picture of economic resilience in Peru.

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