Peru’s economy is projected to grow 4% in January 2024, according to central bank chief economist Adrian Armas. This forecast is consistent with analyst predictions, coming before the official monthly figures release. After a recession in 2023, the economy grew 3.3% in 2023, with a growth target of 4% expected by 2025.
Adrian Armas, the chief economist of Peru’s central bank, announced on Friday that the economy is likely to have expanded by approximately 4% in January. This projection aligns with analysts’ expectations and precedes the government’s release of the official monthly figures.
Following a recession that began in 2023 with a contraction of 0.4%, Peru witnessed significant recovery, achieving growth of 3.3% last year. The government now anticipates that the economy will continue this positive trajectory, aiming for an estimated growth rate of around 4% by the end of 2025.
In summary, the Peruvian economy is projected to grow by 4% in January 2024, marking a continued recovery from a previous recession. The growth trajectory appears promising, as the government set a broader target of approximately 4% growth by 2025 following significant recovery since contracting in 2023.
Original Source: www.tradingview.com
