on Friday indicated that Peru’s economy might have registered a growth of around 2.7% from January to June 2024, and has been recovering so far this year.
The official data on gross domestic product (GDP) growth in June and the first half of 2024 will be published by the National Institute of Statistics and Informatics (INEI) on August 15.
The central manager stressed that the economy has been recovering so far this year.
"In July, most of the current situation and expectation indicators were in the optimistic range; this is already a result achieved for the third consecutive month and the fourth month of the year," the BCR official noted.
"Indicators of confidence recovery are observed, and advanced data shows that the wage mass is estimated to have grown in real terms at a rate of 6.9%. Remember that the formal wage mass consists of the number of workers and their respective remuneration," Armas explained.
"What is growing the most is the component of average income, and to a lesser extent, the increase in formal jobs," he added.
On the other hand, the economist pointed out that the outlook for global economic activity points towards moderate growth, in a context of lower inflationary pressures and still restrictive international financial conditions.
"However, uncertainty remains regarding the pace of interest rate reductions in monetary policy of advanced economies. Similarly, risks stemming from international conflicts persist," he indicated.