Peruvian economy grows in first quarter | economy

The economy Adrian Armas, Central Manager of Economic Research at the Central Reserve Bank (BCR), assured that Peru will record positive results in the first quarter of the year.

“It will be the first quarter of growth, as it was in 2023, after four consecutive quarters of decline,” he promised.

In that regard, he pointed out that some indicators such as domestic cement consumption in January are already showing recovery.

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It should be noted that the BCR has maintained its forecast that the Peruvian economy would have contracted by 0.5% last year. The official figures will be released on February 15 by the National Institute of Statistics and Information (INEI).

On the other hand, Adrian Armas pointed out that there is a record period of low business confidence from 2021 as a result of instability, social conflicts and weather problems.

“In the bank's projections, it assumes a gradual recovery of this confidence,” he explained and pointed out that this would reverse once the economy starts to recover.

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