The Minister of Economy and Finance, José Salardi, reaffirmed that the Peruvian economy will grow 4% in 2025, supported by solid macroeconomic fundamentals, responsible fiscal and monetary policy, and the promotion of public-private investment.
Salardi stated that this expected Peru's GDP growth is quite positive considering that global economic expansion of 2.8% is expected for this year, hampered by the uncertainty of the trade war.
“Although our economy is exposed to external factors, it has also demonstrated a high capacity for resilience and adaptation. The Government remains steadfast in continuing to implement measures that guarantee stability, encourage investment, and ensure sustained and inclusive growth in the medium and long term,” he stated.
The Ministry of Economy and Finance (MEF) presented the Macroeconomic Projection Update Report (IAPM) to the Presidency of the Council of Ministers (PCM), which includes macrofiscal variables essential for the Multiannual Macroeconomic Framework.
The head of the MEF explained that the government announced economic stimulus measures to achieve 4% growth in 2025, related to the launch of new private and public investment projects totaling more than US$70 billion, a deregulatory shock, increased primary supply and expectations, favorable financing conditions, and high commodity prices.
Public finance
Likewise, in support of the IAPM, Salardi mentioned that the country's responsible fiscal management has allowed it to achieve investment grade status and favorable access to the capital markets. Maintaining prudent fiscal policy management will strengthen the fiscal strengths the country has accumulated over more than two decades.
Furthermore, fiscal strength and inflation control have been key pillars of the country's macroeconomic stability and constitute necessary conditions for generating sustained economic growth.
"These strengths allow the country to continue accessing low international interest rates, which allows for stimulating investment, growth, and employment," said Minister Salardi.
The planned gradual reduction in the fiscal deficit reaffirms the MEF's commitment to responsible management of public finances.
More in Andina:
Published: 5/2/2025