BCR: Recovery and growth for the Peruvian economy in the second quarter of 2023

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The Central Reserve Bank (BCR), predicted that the Peruvian economy maintained its growth rate recovery in the month of April. This is a good sign after the abrupt falls in GDP during the first months of 2023.

BCR: GDP situation in Peru
According to Adrián Armas, who is central manager of Economic Studies of the BCR< at i=4>, explains that “Regarding the part of GDP, for the first quarter there was a projection of 0%. In January the rate was -0.9%, in February it registered -0.6% and we estimate that in March we would no longer have a fall.”

Added to the above, the expert said Telegram Number Data that in the month of April, “the indicators we are seeing point to the economy gradually recovering” .


Expectations of the business world
The official statistics regarding GDP growth in March will soon be released by the National Institute of Statistics and Informatics (INEI). Adrián Armas, maintained that expectations from a business point of view regarding the month of April, showed a panorama very similar to that of the month of March.< /span>

“The growth prospects for global economic activity point towards moderation, although the global risk of and international conflicts,” he noted.

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Expectations for the second quarter according to the BCR
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In the case of the second quarter of the year, the BCR estimated an expansion of one 2, 8% for the bulk of the Peruvian economy. For their part, expectations regarding the GDP expansion for 2023 stand out for being on the downside according to the perceptions of different analysts.

GDP expansion is totally interrelated to inflation, whose indicator is abovel 8% for the first quarter of the year . In relation to this, the central bank predicts that there will be positive indicators for the last months of 2023, beginning its decline last March.