The World Bank has updated its growth projection for Peru, setting it at 2.7% for 2026, a slight increase from the 2.5% estimated in January. However, this figure remains below the forecasts of the Ministry of Economy and Finance (MEF) and the Central Reserve Bank (BCR), which anticipate an expansion of 3.2%. William Maloney, chief economist of the World Bank for Latin America and the Caribbean, mentioned that this moderate growth is supported by the recovery of domestic consumption and investments in mining and infrastructure.
Despite the improvement, the organization warns that oil prices and the El Niño phenomenon could negatively impact key sectors such as agriculture and fishing. The report also highlights that the Peruvian economy, following the recession of 2023, has maintained a growth rate of around 3.1%. However, it emphasizes the need to address the bottlenecks that limit growth and private consumption.
Regarding the elections, national production is expected to recover, which could enhance trade, as mentioned in our coverage of the 2026 elections.
