Peru

Peru’s finance ministry expects an economic rebound in the second half of the year as temporary shocks from unrest, flooding, and fertilizer shortage recede. Although the economy contracted by 0.24% in the first four months, growth is expected later in the year. However, potential disruptions from the El Nino weather pattern, which can cause flooding and agricultural upheaval, may impact the recovery. Given Peru’s significant exports of products like avocados, grapes, blueberries, and asparagus, such disruptions could substantially affect the economy.