Challenges and opportunities: Peru seeks to recover from the recession with an eye towards 2026.

In the past year, the economy of Peru has experienced a setback, causing concern and discontent among the population. With a 1% reduction in economic activity, this has resulted in fewer jobs, lower incomes, increased poverty, and a widespread climate of pessimism. This economic stagnation has been labeled as a "recession" by some, with the hope that it is only a temporary downturn that can be overcome soon. However, the underlying causes of this situation are not entirely clear. Shortcomings in both public and private investment, a dysfunctional Parliament, a growing bureaucracy, among other factors, are pointed out. But behind all this, uncertainty looms over the country's future in the coming years. Amidst this scenario, we find ourselves in a paralyzed political landscape, looking ahead to the 2026 presidential and parliamentary elections. While some candidates and political parties seem to be in a sort of lethargy, a retired military officer with a controversial past has stood out for his rebellious message, while others seem to lack concrete proposals that capture the attention of the citizenry. Despite these challenges, Peru has significant assets that could drive its economic recovery. For example, it boasts the world's second-largest copper mineral reserve. Copper is a vital metal for electrification and sustainable development, presenting an opportunity for the country. However, bureaucracy and resistance to mining projects could hinder this potential. Furthermore, the Peruvian workforce is another key asset that needs to be strengthened. Education has suffered setbacks due to the pandemic, and the lack of political and economic stability has led to the emigration of professionals, weakening the country. It is essential to care for and strengthen these human resources to drive development. In this context, it is crucial for the Government and political leaders to seek a balance between prudence and initiative. Inaction is not a viable option in the face of current challenges, as social frustration and insecurity could lead to serious consequences. Concrete and feasible projects involving the private sector need to be implemented, such as improvements in basic services in regions like Juliaca and Puno. Ultimately, Peru is at a turning point where brave decisions need to be made and a path towards economic and social recovery needs to be built. The resources and potential are there; what is needed is the will and action to harness them for the benefit of all Peruvians.