We cut our GDP growth forecast for Peru in 2025 marginally by 0.1ppt to 2.9% due to an upward revision in historical data for this year. We expect the economy slowed in Q4 after a strong recovery in the previous quarters due to intermittent protests in October. Yet, robust private consumption and prospects for private investment projects back our growth view in 2025.
Peru: Domestic demand will back economic growth in 2025