In 2024, a more favorable business environment is anticipated than the previous year.
On the international front, despite the lower global momentum, commodity prices will have a relatively favorable evolution for the country. On the one hand, we foresee a moderate slowdown in our main trading partners. In the case of the US, we anticipate lower growth due to i) the lagged effect of contractionary monetary policy, ii) a lower fiscal impulse and iii) the depletion of excess household savings. Meanwhile, the Chinese economy will continue to slow down due to structural factors, as well as difficulties in boosting the real estate sector and greater regulation in the technology sector.
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Analyst
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.
