Peru's economy may have grown 3.45% in the first quarter of this year (January–March), compared with the same period in 2025, driven by the performance of primary sectors, ESAN University Professor Jorge Guillen said Friday.
"We will probably be around 3.45%, considering that this figure is compared with the first quarter of 2025, which was relatively solid," Guillen told Andina News Agency.
"The expansion of Peru's economic activity in the first quarter of 2026 would be supported by primary sectors (fishing, agriculture, and mining)," he added.
The professor explained that the projection could have been higher, but economic activity slowed in March due to a rupture in the Camisea gas pipeline, whose repair took two weeks.
"It was a couple of weeks that led to higher prices for goods, and some companies reduced production levels due to austerity in the use of gas and fuels," Guillen indicated.
"Despite this, I do not expect major disruptions. In addition, in the months leading up to the elections there was some increase in spending, which supported domestic demand and overall economic performance," he added.
According to the National Institute of Statistics and Informatics (INEI), Peru's economy grew 3.54% in January and 3.68% in February 2026.
"Growth in January and February this year has been quite solid, considering the high base recorded in the same months of 2025," the ESAN University professor noted.