In 2026, the Peruvian economy will grow by 3.2%, a pace similar to that of 2025, despite electoral risks
In the third quarter of 2025, the economy grew by 2.5%, a slower pace than that observed in the first months of the year.
During February, there was a decrease in the number of protests at the national level, as well as a focus on demonstrations in the south of the country, particularly in Puno. Despite the tense calm, new outbreaks of conflict are not ruled out in the coming months, due to latent citizen discontent and the lack of initiatives to solve the political crisis.
At this juncture, Congress does not seem to be in tune with citizens’ demands and failed to reach consensus on the call for early elections in the last legislative session.If the debate is resumed, Congress will have to approve the measure in the next two sessions (March to July and August to December 2023).
While the Executive remains stable and Congress seems to have no incentive to approve the call for early election, the likelihood of further protests and demonstrations remains. This is due to high levels of disapproval of both branches of government and the possibility of a new crisis.
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Senior analyst
In the third quarter of 2025, the economy grew by 2.5%, a slower pace than that observed in the first months of the year.
This month, President Dina Boluarte’s cabinet demonstrated resilience in the face of criticism over leaked audio recordings implicating Ministers Eduardo Arana (PCM) and Juan José Santiváñez (Interior).
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.
