on Monday stated that the implementation of new projects, a deregulation shock, the consolidation of business confidence, low inflation, and the easing of financing costs, along with high commodity prices, will drive Peru's economic growth in 2025.
As a result, the government agency projected that the Gross Domestic Product (GDP) will grow by 4% this year.
"This 4% growth will depend on key factors such as increased private spending linked to the acceleration of private investment associated with greater infrastructure and mining investments, strengthening of private consumption, as well as an increase in mining and agricultural exports driven by improved primary supply and a favorable international environment," Minister Jose Salardi explained.
Likewise, the Cabinet member noted that lower interest rates will reduce financing costs for businesses and families, while a deregulation shock will facilitate private investment by eliminating bureaucratic barriers.
Neutral climate conditions are also expected between March and September, allowing for the normal development of agriculture and fishing activities.
Improved Environment
The government official emphasized that creating a more stable and predictable environment for investors, entrepreneurs, and consumers requires implementing measures to combat insecurity, reducing risks associated with crime, extortion, and other offenses that could affect economic activity.
