:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/elcomercio/RG6EGOHAPNAOZHYA6XK26FV2TE.jpg "The MEF now estimates that the economy will grow by 3.1% in 2024 | Economy")
The Ministry of Economy and Finance (MEF) revised its growth forecast upwards economic In Peru for this year, from 3% (estimated in the multi-year macroeconomic framework 2024 – 2027) to 3.1%.
This change was made in the Macroeconomic Projections Update Report 2024 – 2027. According to MEF, the improvement will be supported by higher exports of goods and services.
“After the El Nino phenomenon becomes passive in April 2024, under the scenario of neutral climatic conditions, exports will increase due to higher supply from primary sectors,” the document said.
Meanwhile, national production will benefit from increased private investment through the implementation of mining projects such as the Toromocho II expansion and Antamina infill.
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Next years
According to the MEF update, between 2025 and 2026, we expect economic activity to grow at an average of 3%, sustained by the favorable dynamics of domestic demand and the boost in exports.
“We expect an average growth of 3.0% in private investment due to the promotion of mining projects starting construction in 2024, and between 2025-2027 the implementation of Corani, Romina, Rebusto Raura, etc. and the start of construction of new mining projects such as Zafranal and Integración Corccohuayco,” it says. .
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