2024: Peru economy projected to grow 3.0% after 2022 recession, with forecasted inflation at 2.2%.
Peru's economy is projected to grow at 3.0% in 2024, according to the central bank's inflation report, after the country faced recession in 2022 due to bad weather, social upheaval, and inflation. Policymakers hope to reverse the recession in the current quarter as the economy grew 1.37% in January, although this was below expectations. The central bank reduced its forecast for 2024 inflation from 2.3% to 2.2%.
March 15, 2024
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