Peruvian Finance Minister Contreras announced expectations for the economy to recover in Q3 and Q4 2023, targeting a 1.1% growth by December. The government aims to boost sectors that experienced production declines, aid small and medium enterprises, and provide credit for the impacts of the El Nino phenomenon. On the price front, Contreras expects inflation to ease to 5.2% by year-end. The emphasis is on balanced fiscal spending, aligning with the country’s fiscal rules.