Economic recovery consolidates in the fourth quarter, although there are two new risks to growth in 2025
2024 was a year of inflection in the economic cycle, where there was moderate growth after the recession of 2023.
At the end of January, the Registry of Political Organizations counted 41 parties with current registration and 33 organizations in the registration process. This month, two new parties achieved registration: Ciudadanos por el Perú, linked to President Boluarte’s brother, Nicanor Boluarte, and the Federal Democratic Party, related to former congressman Virgilio Acuña.
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Senior analyst
2024 was a year of inflection in the economic cycle, where there was moderate growth after the recession of 2023.
Last week, Congress removed Energy and Mines Minister Rómulo Mucho from office with 80 votes in favor, 4 against, and 10 abstentions. Of the 13 parliamentary groups in Congress, 11 supported the motion.
In the third quarter of 2024, the economy showed a more pronounced recovery. During the quarter, a series of indicators linked to local demand recorded a better performance than in the first half.
