Peru's GDP growth estimate is 2.5% for this year.

The World Bank (WB) estimated today that the Peruvian economy will recover this year supported by greater production from mining activity.

During the presentation of the latest report "World Economic Outlook", it was noted that the growth rate of Peru's Gross Domestic Product (GDP) will be 2.5% for this year and 2.3% in 2025, after the drop of 0 .55% in 2022, figures that had been reported last January and will be updated next April.

The projected figure is above the average for the Latin American region, which is estimated at 2.3% for 2024.

According to Carlos Arteta, manager of the World Bank's Outlook Group, the main challenges will be external risks such as the escalation of geopolitical tensions, especially in the Middle East, which would agitate energy markets and cause a rise in oil prices. impact that is of greater consideration in developing countries.

Likewise, extreme weather phenomena (such as the El Niño Phenomenon) could become threats to sectors such as agriculture, energy and fishing.

In addition, WB economist Francisco Arroyo highlighted that inflation in advanced economies such as the United States and China could lead to high interest rates among central banks for a longer period than expected.

This, in his opinion, would limit the monetary and fiscal policies of the region, which would influence a slowdown in the fight to reduce profits.

On April 11, the World Bank will update its economic growth projections for Latin American economies at a conference to be held in Washington DC (United States).