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November 20, 2024
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Economy would grow up to 3.8% in the fourth quarter

Economy would grow up to 3.8% in the fourth quarter

The economy Peruvian economy would grow between 3.2% and 3.8% in the fourth quarter of the year, estimated the Economic Studies area of ​​the BCP.

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Through a report published yesterday, the financial entity estimated that the least dynamic month of this last part of 2024 would be November, while the best performing month would be December (as a consequence of the Christmas campaign).

Likewise, the BCP specified that in the last three months of the year, economic activity will be favored by the rebound in agro-export employment, when compared to months impacted by El Niño 2023.

The second fishing season (the third largest quota in the last decade) will also be a driver for the production generated between October and December 2024.

However, the financial entity warned that the factors that will slow down the economy are the exhaustion of the temporary impulse in consumption of the seventh withdrawal of the AFP, as well as the multiple holidays of this period, the drought in Piura that affects production and the limited social protests.

DATA

In the third quarter, the Peruvian economy grew 3.7%, according to INEI data. So far this year it has accumulated an advance of 2.98%.

The BCP specified that after growing 4.6% in July and 3.7% in August, the monthly indicator of economic activity slowed to 3.2% in September.

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