said Peru maintains a resilient growth rate in an environment in which it has been facing inflationary pressures.
Therefore, it noted that Peru's GDP growth rate has been moderating.
Likewise, the OECD projected that the Peruvian economy will grow 2.9% this year and next.
It indicated that this growth will be supported by private consumption, investment, favorable metal prices, and construction.
Thus, by the end of this year, Peru is expected to rank second among Latin American countries, behind Costa Rica, whose economy is projected by the OECD to grow by 3.5% in 2026.
Inflation
On the other hand, the OECD noted that there are inflationary pressures "due to increases in fuel, gas, and food prices."
However, it expected inflation to moderate as external shocks dissipate.
The organization considered that Peru's monetary policy should remain prudent.
Some priorities
According to the OECD, some priorities to consider are maintaining fiscal prudence and reducing informality.
To that end, it suggested resuming credible fiscal consolidation aligned with the fiscal rule, as well as reducing labor informality to broaden the tax base and boost productivity.
It also noted that the energy transition offers opportunities, but will require more investment and solid regulatory frameworks.
Risks
The OECD considered that the main risks facing Latin America remain tilted to the downside.
These include:
- Lower global growth
- Persistent inflation
- Financial volatility
- Limited fiscal space