The
Ministry of Economy and Finance (MEF) projects that Peru's productive activity will grow 4% this year, exceeding the global average of 3.3%, driven by higher international prices of minerals such as copper and gold.
He explained that this progress will position Peru among the countries leading economic growth in the region, ahead of Colombia, Chile, Brazil, and Mexico.
"The Peruvian economy will grow by 4% this year due to a series of factors, including improved international gold and copper prices, a decline in oil prices, and a fiscal deficit of 2.2%," said
Minister Jose Salardi.
The government official mentioned that his sector's commitment is to achieving said goal this year, which is why the fiscal deficit for 2025 is projected to be 2.2%.
"The higher revenues to be generated by the economic reactivation will also help achieve 4% growth this year," he stated.
The Cabinet member underlined that there is coordinated work with the Central Reserve Bank (BCR) to achieve this objective set for 2025's GDP growth.
"The MEF is fully committed to working as a team with the monetary authority and the Fiscal Council," he stated.
Permanent Dialogue
In this regard,
Minister Salardi mentioned
that there is an ongoing dialogue with regional and local authorities, ministries, and the private sector.
He added that inflation is expected to close the year at 2%, with the exchange rate of the Peruvian sol against the U.S. dollar at 3.78 by the end of 2025.
Public debt is also expected to be maintained at 33% of GDP, along with a continued reduction in country risk, fostering favorable investment expectations.
"We expect a recovery in credit to the private sector this year in order to continue fostering favorable expectations in the country," he remarked.
Minister Salardi announced that they will hold discussions with the Peruvian Association of Banks (Asbanc) and various entities involved in credit activities to get to know their expectations for this year.
"The interbank rate could decline this year," he noted.
(END) SDD/MVB
Published: 2/24/2025