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BBVA Research's September 2025 outlook projects Peru's GDP growth at 3.1% in both 2025 and 2026, supported by strong domestic demand, high terms of trade and new mining projects. The fiscal deficit is expected to fall to 2.4% of GDP in 2025, and the sol is forecast to strengthen against the dollar after elections.
Peru is a major copper and mining exporter, so sustained high terms of trade support currency strength and domestic demand, with limited direct impact on feed grain or oilseed prices.
bbvaresearch.comKevin Antonio Álvarez García, Vanessa Belapatiño, Yalina Crispin, Francisco Grippa, Marco OrtizSep 30, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
