Peru’s economy advanced by 0.86% YoY in December, declining from a 1.86% rise in November and defying market forecasts of a 1.25% gain. That marked the weakest growth rate since a 4.1% contraction registered in early 2021 amid ongoing public unrest. In 2022, the country’s economic activity rose by 2.68%, falling sharply from the 13.61% growth recorded in 2021.