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Economic Outlook

01/02/2024

Peruvian economy will grow 2.8% in 2024


In 2024, a more favorable business environment is anticipated than the previous year.

On the international front, despite the lower global momentum, commodity prices will have a relatively favorable evolution for the country. On the one hand, we foresee a moderate slowdown in our main trading partners. In the case of the US, we anticipate lower growth due to i) the lagged effect of contractionary monetary policy, ii) a lower fiscal impulse and iii) the depletion of excess household savings. Meanwhile, the Chinese economy will continue to slow down due to structural factors, as well as difficulties in boosting the real estate sector and greater regulation in the technology sector.

To access the complete report contact us at: contactaSAE@apoyoconsultoria.com

Sofia Patiño

Analyst

OUR PERSPECTIVE

The Executive-Legislative relationship strengthens amid political uncertainty

In the last month, the political panorama has been marked by the beginning of the electoral race. The electoral schedule requires possible candidates who want to participate in the next electoral process to be affiliated with a political organization.

At the end of the second quarter, there are no clear signs of a break in the economic cycle

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.

President Boluarte opens new legal and political avenues, although her support in Congress remains solid

In the month of May, the Attorney General, Juan Carlos Villena, filed a constitutional complaint against President Dina Boluarte, for the alleged crime of improper passive bribery to the detriment of the State.

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