Analysis by Region - Latin America - Peru
We have cut our 2022 GDP growth forecast for Peru by 0.1ppt to 2.7% as early data suggest output dropped by 0.1% in Q1 2022. A similar performance is expected in Q2 2022 due to a three-week truckers' strike that triggered disruptions and led to a brief lockdown in April. The mining sector is still struggling to recover pre-pandemic levels as intermittent mine closures hit metallic production. In 2023, we expect GDP to grow by a moderate 3.7%.
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