Peru's economy seen growing 4% this year with stable inflation

Published on: Monday 24 February 2025

(Reuters) -Peru's gross domestic product (GDP) will likely expand by 4% this year and rank as the second-fastest growing economy in Latin America, a senior official told reporters on Monday, as inflation is seen holding for another year at around 2%. The Andean economy is bouncing back from recession, with the government of President Dina Boluarte and the central bank forecasting positive prospects for 2025, including fewer inflationary pressures and more investment. Peru's economy for decades was one of Latin America's top performers, but in recent years growth has cooled as social unrest hit the country's key mining sector amid growing political instability.

News source: https://finance.yahoo.com/news/peru-second-fastest-growing-latam-141434563.html

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Peru's economy seen growing 4% this year with stable inflation