has slightly raised its GDP growth outlook for the Peruvian economy from 2.8% to 2.9% for this year, keeping it above the South American average of 2.7%.
The IMF's new outlook indicates a slowdown in Peru's economic expansion after having grown by 3.3% in 2024.
Some economists say the country's growth rate should be higher amid the new cycle of high mineral prices, particularly copper, of which Peru is the world's second-largest producer, and gold.
Regarding inflation, the IMF projected 1.7% for 2025, well below the South American average (9.8%), at a time when the Peruvian sol (S/) is at its strongest level in the past decade, reaching up to S/3.42 per U.S. dollar.