Peru faces an unexpected technical recession amidst global growth. The economy shrank 0.5% in the first five months of the year, surprising economists and contrasting the government’s recovery narrative following political turmoil. Poverty levels have surged, with an additional million Peruvians in poverty compared to a decade ago. Despite this, economists predict the recession will be short-lived, with minor economic growth expected this year, supported by a robust mining sector, particularly Anglo American Plc’s USD 5 bln Quellaveco mine.