Peru

Peru’s Finance Minister Arista suggested the economy might have grown over 4.0% in July, potentially reversing June’s sharp slowdown and supporting 2024’s growth forecast of 3.1%. However, he noted, with some optimism, that growth could reach 3.7%-4.0% this year, driven by mining, fishing, and agriculture. Arista also mentioned that the fiscal deficit, currently at 4.0% of GDP for the 12 months ending in July, would be reduced to 2.7%-2.8% by year-end.