The president of the Central Reserve Bank (BCR), Julio Velardeannounced that the institution he leads modified upwards the growth projection of private investment, going from 6.5% to 9.5% for this year.
We may even reach 10%,” he said at a press conference. This growth responds, among other things, to the observed evolution of non-residential disbursement.
The institution also modified its economic growth expectation for 2025 from 3.2% to 3.3%, and for 2026 from 2.9% to 3%. “The effect of the electoral calendar on expectations does not seem to be noticeable,” he added.
On the other hand, it reported that exports this year should exceed US$90 billion, and as Peru21 announced, it reported that Peru will achieve greater shipments abroad than Argentina.
FISCAL DEFICIT
Julio Velarde also announced modifications to his fiscal deficit projections. For this year, for example, it is projected to reach 2.2% of the Gross Domestic Product (GDP). With this result it would be within the fiscal goal.
Meanwhile, by 2026 it is estimated to reach 1.9% of GDP, although the head of the BCR pointed out that this will also depend on international metal prices.
