Peru’s economy showed a modest 0.3% growth in November 2023, marking the first growth since April and contrasting with its poor performance amid political turmoil and severe weather impacts. Despite this slight uptick, the central bank’s chief economist, Adrian Armas, anticipates a negative growth rate of 0.3% for the fourth quarter compared to the previous year. In response to the slowing inflation and efforts to stimulate economic recovery, Peru’s central bank recently lowered interest rates to 6.50%, the lowest in 16 months.