During the second quarter, GDP would have grown at a higher rate than during the first quarter, mainly due to the recovery of the primary sectors.
The regularization of climatic conditions has boosted the growth of fishing and traditional agriculture. On the one hand, as of June 26, the first anchovy fishing season registered a progress of 98%, which would have allowed the sector to grow around 180% in Q2, compared to the same quarter of 2023. On the other hand, The production of the main traditional agricultural crops has been growing at a high rate due to the greater availability of water.
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Head of Research
The Government’s main allies, Fuerza Popular and APP, leveraged the crisis triggered by the murder of 13 mine workers in Pataz to strengthen their influence over ministerial appointments.
So far this year, the economic recovery appears to have consolidated, with growth becoming more broad-based. Domestic demand has shown solid performance.
In the first quarter of the year, economic growth remained solid (3.6%). This was the result of a combination of favorable dynamics for GDP.
