Peru’s central bank projects a 3% economic growth rate in Q2 and Q3 2024. Economic activity expanded by 1.4% in January and 2.9% in February, indicating a 2% growth between those months. The bank forecasts growth rates of 2.8% for primary GDP and 3.1% for non-primary GDP in 2024, with higher projections for 2025. Private investment, which declined by 7.2% in 2023, is expected to grow by 2.3% this year.