The economy maintained a solid growth pace in Q1 2025, around 3.8%, slightly above expectations.
Primary sectors, such as agro-exports and fishing, continued to rebound, although they were still affected by weather conditions in Q1 2024. Likewise, the recovery of non-primary sectors, more closely linked to domestic demand, strengthened in a context where business confidence has stabilized at relatively optimistic levels.
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Analyst
This month, the political agenda has once again focused on citizen insecurity. The death of a singer from a well-known musical group, allegedly at the hands of extortionists, sparked renewed criticism of the Minister of the Interior, who was censured by Congress, which in turn triggered new protests.
Despite growing criticism, President Dina Boluarte remains reluctant to remove him from office, as Santivañez plays a key role in her efforts to obstruct investigations against her and her inner circle, including her brother Nicanor Boluarte.
Several economic indicators suggest that the growth observed in late 2024 extended into early 2025. Thus, economic growth at the beginning of this year is estimated to have been around 4%.
