During the gathering, the IMF Managing Director highlighted Peru's significant economic growth, demonstrating the resilience of its economy despite global climate challenges.
"It is not easy to tackle the major challenges posed by social unrest and the effects of climate change, which impact economic growth. However, we now see Peru achieving a growth rate of around 3%, and we hope to see even more progress," she stated.
The IMF head also congratulated Peru for successfully addressing global inflationary challenges, emphasizing the nation's current low inflation rates.
"If I am not mistaken, Peru reached a peak of just over 8% but has now managed to bring it down to around 2%. This is, without a doubt, a significant achievement," she emphasized.
According to official data from INEI, Peru's economy grew by 3.2% in September this year, driven by sectors such as mining and hydrocarbons, agriculture, construction, services, and trade, among others.
In this context, national production expanded by 3% between January and September, putting the nation on track to meet the government's growth projections of 3.2% for the entire year of 2024.
This would mark a significant economic recovery after a 0.6% contraction in 2023 due to global climate change.
INEI also reported that, in October 2024, the Consumer Price Index in Metropolitan Lima fell by 0.1%, bringing the cumulative inflation rate over the past 12 months to 2% —one of the lowest in Latin America.
The institute highlighted that the key factor is the ongoing decline in inflation, driven by lower prices of basic household goods compared to 2022 and 2023, providing much-needed relief for Peruvian families.
21 leading economies
APEC is made up of:
Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, the Russian Federation, Singapore, Chinese Taipei, Thailand, the United States, and Viet Nam.
Together, they account for 62% of world's GDP, 48% of global trade in goods and services, plus 38% of the planet's population.
(END) NDP/SQH/JCC/MAT/MVB