
BBVA Research projects Peru's economy to grow 3.1% in 2025, supported by record terms of trade, improved business confidence and new copper mine construction. Growth is expected to slow to about 2.7% in 2026 amid electoral uncertainty.
Lower oil prices are expected, while copper and gold remain strong, supporting Peru's terms of trade and its external surplus. Expected sol weakness toward year-end could affect local feed and fishmeal import costs.
After 565 past bearish macro events, WTI moved a median -1.4% over 5 sessions (41% higher; middle half -5.9% to +3.0%), and -0.5% over 20.
After 312 past bearish macro events, BRENT moved a median -1.7% over 5 sessions (38% higher; middle half -5.4% to +2.3%), and -1.7% over 20.
Not 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.