Banks and non-financial companies in July raised their growth projections for 2024, according to the latest weekly report by the
Last July, the surveyed groups raised their expectations for Peruvian GDP growth to a range between 2.8% and 3% for 2024.
The financial system raised its growth projections for Peru's economy from 2.8% last June to 3% in July.
In turn, economic analysts maintained their GDP growth projections at 3% for the current year.
For their part, non-financial companies revised their forecasts upward from 2.6% in June to 2.8% last July.
Expectations
On the other hand, the current situation indicators and most of the business expectations indicators recovered compared to the previous month.
Of the 18 indicators set for the month, 15 are in the optimistic range.
Meanwhile, economic agents' inflation expectations remained within the target range for all projection horizons consulted (2024, 2025, and 2026).
The expected inflation for this year is between 2.5% and 3%, also for 2025 and 2026.
U.S. Dollar
Exchange rate expectations are between S/3.75 and S/3.79 per US$1 by the end of 2024.
By the end of 2025, the exchange rate is expected to be between S/3.75 and S/3.80 per US$1, and between S/3.76 and S/3.80 per US$1 by 2026.