Latin America’s Top Performer Peru Sees 2025 Outlook Worsening

Peru’s government further cut its expectations for 2025 growth following disappointing economic activity results and global turbulence.

Finance Minister Raul Perez-Reyes said Tuesday that he now hopes the economy will grow between 3% and 3.5% this year. That’s down from a specific target of 3.5%, which earlier in the year was 4%.

Read more: Peru April Economic Activity Rises 1.4% Y/y, Est. +2.1%

The new guidance comes as Perez-Reyes warns that if the situation in the Middle East were to worsen it could further damage Peru’s outlook. That is a currently an even bigger concern than US tariffs that ...