Economic analysts and financial institutions raised their growth forecast for Peru in 2026, according to the Central Reserve Bank's (BCR) latest Macroeconomic Expectations Survey for July.
Last July, expectations for gross domestic product (GDP) growth in 2026 among economic analysts, financial institutions, and non-financial companies ranged from 3.1% to 3.3%.
Likewise, growth forecasts for 2027 ranged from 3.2% to 3.4%. Meanwhile, growth of between 3.2% and 3.7% is expected in 2028.
Economic analysts
Thus, economic analysts surveyed by the BCR last July expect the economy to perform better over the next three years.
They forecast that the Peruvian economy will grow 3.3% this year, which represents an improvement over their 3.2% forecast last June.
Similarly, the analysts estimate that the economy will grow 3.7% in 2027, an improvement over their previous forecast (3.3%).
Meanwhile, they forecast 3.7% growth in 2028, two-tenths of a percentage point higher than their previous projection of 3.5%.
Financial system
Meanwhile, according to the July survey, the financial system projects 3.2% growth this year, compared with the 3.1% growth it expected last June.
For 2027 and 2028, the financial system expects the economy to grow 3.2%, similar to its forecast in the previous month.
Non-financial companies
In turn, non-financial companies project in the July survey that the economy will grow by 3.1% by the end of 2026, one-tenth of a percentage point lower than the 3.2% forecast last June.
For 2027, they forecast growth of 3.4%, lower than 3.5% expected in June.
Moreover, non-financial companies expect GDP to grow 3.5% in 2028, similar to their June forecast.
Growing trend
In summary, economic analysts, financial institutions, and non-financial companies expect Peru's economy to continue growing over the next three years, according to the BCR’s Macroeconomic Expectations Survey.
Inflation
According to the BCR's July 2026 Macroeconomic Expectations Survey, 12-month inflation expectations among economic analysts and the financial system stood at 3.01%.
Inflation expectations among economic agents for 2026 ranged from 3% to 3.85%.
For 2027, agents expect inflation to range from 2.50% to 2.53%. Meanwhile, the forecast for this variable in 2028 ranged from 2.25% to 2.50%.
Thus, economic analysts estimate that inflation will end 2026 at 3.85%, 2027 at 2.53%, and 2028 at 2.50%.
Meanwhile, the financial system projects inflation of 3.55% in 2026, 2.50% in 2027, and 2.25% in 2028.
For their part, non-financial companies expect inflation to be 3% in 2026, 2.50% in 2027, and 2.50% in 2028.