During the second quarter, GDP would have grown at a higher rate than during the first quarter, mainly due to the recovery of the primary sectors.
The regularization of climatic conditions has boosted the growth of fishing and traditional agriculture. On the one hand, as of June 26, the first anchovy fishing season registered a progress of 98%, which would have allowed the sector to grow around 180% in Q2, compared to the same quarter of 2023. On the other hand, The production of the main traditional agricultural crops has been growing at a high rate due to the greater availability of water.
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Head of Research
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.
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.
