2026-06-19
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The Central Reserve Bank of Peru (BCRP) issued its June 2026 Inflation Report, projecting a revised upward GDP growth for 2026 to 3.4% driven by non-primary sectors, despite a contraction in primary sectors due to a strong El Niño forecast. The report anticipates Peru's terms of trade index to reach a record high in 2026, leading to an increased trade balance surplus for 2026-2027 and positioning Peru among the fastest-growing economies in Latin America. Furthermore, the fiscal deficit is projected to decrease to 1.8% of GDP in 2026 and 1.5% in 2027, ensuring public debt remains the lowest in the region.