In 2026, the Peruvian economy will grow by 3.2%, a pace similar to that of 2025, despite electoral risks
In the third quarter of 2025, the economy grew by 2.5%, a slower pace than that observed in the first months of the year.
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
In the third quarter of 2025, the economy grew by 2.5%, a slower pace than that observed in the first months of the year.
This month, President Dina Boluarte’s cabinet demonstrated resilience in the face of criticism over leaked audio recordings implicating Ministers Eduardo Arana (PCM) and Juan José Santiváñez (Interior).
The Government’s main allies, Fuerza Popular and APP, leveraged the crisis triggered by the murder of 13 mine workers in Pataz to strengthen their influence over ministerial appointments.
