on Friday estimated that Peru's economy likely grew by approximately 4% in January 2025, driven by strong performance across all productive sectors.
"Generally, except for specific cases like hydrocarbons, which were affected by the interruption in the Camisea (natural) gas (supply), all indicators show widespread growth across sectors in January. Therefore, we believe the growth (rate) might be around 4%," he added.
The BCR will present its first 2025 Inflation Report next week, thus updating its projections for economic activity.
Likewise, the BCR manager highlighted Peru's economic performance in recent months, even growing at rates higher than what the market had expected.
"GDP growth in the fourth quarter of 2024 turned out to be higher than expected, reaching 4.25; thus, last year grew a bit more than originally projected," Armas indicated.
"To sum up, what we see is that the economy is growing significantly, even at rates higher than previously projected," he added.
The BCR official also commented that business expectations about the economy are in the optimistic range.
"Previously, we mentioned that most indicators were in the positive range, and we have been talking about this concept since the second quarter of last year more or less," Armas stated.
"Now, in terms of economic expectations indicators, all of them have been in the optimistic range for second consecutive month," he emphasized.
On the other hand, Armas mentioned that projections for the global economy point to moderate growth, though risks have increased due to measures being observed in international trade.
"While the outlook for global economic activity points to moderate growth, risks to the global economy have risen due to the high uncertainty associated with the impact of restrictive foreign trade measures," he said.