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Economic Outlook

30/05/2025

Economic growth likely remained steady at the beginning of Q2 and is becoming increasingly broad-based, despite the uncertain external environment.


So far this year, the economic recovery appears to have strengthened, with growth becoming more broad-based.

Domestic demand has performed well. In the first quarter, it grew by 6%, driven by a nearly 9% increase in private investment and an approximately 4% rise in private consumption. This has translated into growth in sectors such as trade, services, and construction. Likewise, it has supported the recovery of lagging markets—such as microenterprise credit and self-construction—which have started to grow this year after a poor performance in 2024.

If you wish to access the full report, write to us at: contactaSAE@apoyoconsultoria.com

Alejandro Aldana

Head of the Business Advisory Service

OUR PERSPECTIVE

Changes in the Cabinet have strengthened the alliance with Congress amid a context of growing institutional weakness.

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.

The serious deterioration in the conduct of economic policy in the United States would impact Peru's economic growth mainly in 2026.

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.

Closing of electoral registration: 43 parties eligible to participate, although the visibility of potential candidates is still limited.

The deadline for registering political organizations in the Registry of Political Organizations (ROP) expired on April 12.

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