Peru will lead economic growth in Latin America, according to a report by Credicorp Capital

According to a report by Credicorp Capital, Peru is expected to show the highest economic growth in the region this year, surpassing other Latin American economies. After a period of recession in 2023, a rebound is projected for the Andean country, with a possible GDP growth of over 2.5%. This optimism is based on various factors, including the decrease in the negative effects of social protests and climatic events from last year, as well as the expectation of increased public spending by subnational governments. Additionally, a gradual recovery of private investment is expected, especially in the mining sector. The reduction of risks associated with the weak El Niño phenomenon also contributes to improving the country's economic outlook. In contrast to other economies in the region that will experience slowdowns in their growth, such as Brazil and Mexico, a more favorable outlook is observed for the Andean economies. Chile and Colombia will also experience a growth rebound, although more moderate compared to Peru. Market attention is once again focused on the Andean economies, highlighting the relevance of the Peruvian case for its likely leadership in economic growth this year. However, to sustain this trend over time, it will be essential to promote political stability, improve business confidence, and carry out reforms that foster sustainable growth. In this context, Peru emerges as a case to follow in the region, demonstrating a potential for recovery and growth that could set a precedent in the Latin American economic landscape.