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BBVA Research raised its 2024 Peru GDP growth forecast to 2.9% from 2.7%, citing a new pension fund withdrawal that supports private spending. It expects growth of 2.7% in 2025 once the withdrawal effect fades.
The outlook also projects the sol to stay near 3.75-3.85 per dollar through year-end.
A stronger Peruvian economy and a stable sol support domestic demand for feed in Peru, a modest positive for regional feed imports. The effect on global feed prices is limited.
bbvaresearch.comMarcos Dal Bianco, Federico Daniel Forte, Juan Manuel Manías, Adriana Haring, Mario IparraguirreJun 19, 2024bbvaresearch.comVanessa Belapatiño, Yalina Crispin, Francisco Grippa, Hugo Perea, Manuel Ernesto Saenz ValdezJun 19, 2024After 117 past bearish macro events, SBM moved a median -0.6% over 5 sessions (41% higher; middle half -2.5% to +1.7%), and +0.5% over 20.
Not enough comparable past events yet for a historical read.
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.
