Peruvian economy grows by 4% in April exceeding expectations: optimism in the country.

During the presentation of the Minister of Economy and Finance (MEF), José Arista, at the Congress of the Republic, it was announced that the Peruvian economy had experienced a growth of 4% in the month of April. This projection exceeds previous expectations, generating optimism regarding the economic performance of the country in recent months. The Central Reserve Bank of Peru (BCRP) also commented on these figures, showing agreement with the MEF's estimates. Adrián Armas, Central Manager of Economic Studies at the BCRP, highlighted the positive evolution of the Peruvian economy, especially in the primary sector. A strong growth in fishing and the agricultural sector was mentioned, which has significantly boosted the Gross Domestic Product (GDP). According to BCRP's projections, it is expected that the GDP for April has grown above 4%. Teodoro Crisólogo, Senior Economist at the Peruvian Institute of Economics (IPE), pointed out that the estimated growth of 4.3% in April represents the highest rate in the last 27 months. This economic dynamism is largely attributed to favorable conditions in the agricultural and fishing sectors, surprising the market which was expecting lower growth. The positive impact of Easter in April has also contributed to the economic recovery, as indicated by experts. This month has shown a favorable performance, contrasting with the decline recorded in March, pushing the economy towards the path of recovery, especially in the primary sector. Despite the contraction observed in March, mainly in sectors such as fishing and manufacturing, the GDP for the first quarter of the year managed to remain in positive territory, with a growth of 1.38%. These data reflect the resilience of the Peruvian economy in the face of various challenges, and have helped generate positive expectations for the future. The BCRP is scheduled to present its second inflation report of the year next week, which will be key to assessing the economic outlook and growth prospects for the coming months. In its previous report, the entity maintained its growth projection of 3% for the GDP in 2024, while the MEF aims for a slightly higher growth of 3.1%, showing an optimistic view regarding the medium-term economic performance. In conclusion, the preliminary data on the GDP growth in April reflect a significant improvement in the country's economic activity, driven mainly by the positive performance of key sectors such as fishing and agriculture. These figures encourage confidence in the economic recovery and in Peru's ability to maintain sustainable growth over time, which is crucial for facing future challenges and consolidating economic stability.