stated on Friday that Peru's economic activity likely grew between 2.7% and 3% in August this year.
"In our optimistic scenario, we would reach 3.5% (economic growth for 2025) and 3.1% in the pessimistic one. At this moment, we do not see a dark cloud that would lead us to consider the pessimistic scenario," the minister stated.
"For August, our estimate of Gross Domestic Product (GDP) growth is roughly between 2.7% and 3%, but we continue to bet on a second half that consolidates GDP and allows us to reach the optimistic scenario of 3.5%," Perez Reyes noted.
"When you look at GDP growth over the year, it is not that it grows every month—there’s seasonality, and there is a slight seasonal effect in August. Last month (July) we thought the same, and yet the statistics surprised us at 3.4%, so we simply believe it will be close to 3% (in August)," he added.
The government official highlighted the strong investment boost in the first half of this year, both private and public.
"So far in the first half of the year, private investment has grown 8.9%. We had not seen this growth rate in private investment for a long time, and capital goods import indicators suggest it will continue. We have also had very significant results in public investment," he noted.
The Cabinet member participated in the the "Outlook for the Government's Final Stretch" event, organized by the Peruvian-Chinese Chamber of Commerce (Capechi).
Within this framework, the minister stated that Peru remains an attractive country for investment.
"The consolidation of Peru as an attractive destination for investment. Peru has great stability, reflected in three pillars. First, macroeconomic stability, which includes fiscal, monetary, and financial stability, as well as favorable business expectations," Perez Reyes asserted.
"A second pillar that reflects Peru as an attractive country for investment is that we have free trade agreements with 29 countries, and we are moving toward one more, which is like the sum of several of them—one of these countries is China. The third pillar relates to legal certainty to promote investment," he added.