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Analysis by Region - Emerging Markets - Peru

Publisher Oxford Economics
Published Aug 21, 2025
Length 8 Pages
SKU # OFE20418462

Description

Our forecast for Peru’s GDP growth in 2025 remains unchanged at 2.8%, as the government has successfully averted a new round of mining strikes and the sector has rebounded, resulting in improved prospects for the coming months. However, we expect growth to slow to 2.4% in 2026 as demand from trade partners weakens amid gloomier global conditions. In addition, the presidential election will weigh on the outlook, with Peru’s history of political instability likely to lead to delays to private investment projects.

Table of Contents

8 Pages
Peru: Stable outlook, but big challenges lie ahead in 2026
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long term prospects
Alternative long-run scenarios
Background
Economic developments
Structure of the economy
Balance of payments
Policy and politics

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