# Peru Economic Outlook. June 2024 | BBVA Research

> 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.

- Date: 2024-06-19 · published 2024-06-19T12:00:00.000Z
- Category: macro · region Peru · magnitude low
- Page: https://feedsoft.ai/events/30069-peru-economic-outlook-june-2024-bbva-research
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md), [Peruvian Sol (PEN per USD)](https://feedsoft.ai/c/USDPEN.md)

## Why it matters

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.

## Read by commodity

- SBM: bearish ▼
- USDARS: bearish ▼
- USDPEN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2024-11-27 | [Outlook 2025 LATAM FX: MXN, CLP, and COP Under Uncertainty \| Pepperstone](https://feedsoft.ai/events/27672-outlook-2025-latam-fx-mxn-clp-and-cop-under-uncertainty-pepperstone.md) | -0.4% | +4.2% |
| SBM | 2025-02-04 | [Analysts lower Mexico's 2025 economic growth forecast, see weaker peso \| Reuters](https://feedsoft.ai/events/26265-analysts-lower-mexico-s-2025-economic-growth-forecast-see-weaker-peso-reuters.md) | -1.0% | -4.0% |
| SBM | 2024-08-05 | [Brazilian real depreciation stirs economic concerns](https://feedsoft.ai/events/11941-brazilian-real-depreciation-stirs-economic-concerns.md) | -7.8% | -11.4% |
| SBM | 2022-05-03 | [China \| RMB exchange rate sharp depreciation amid diverging monetary policy \| BBVA Research](https://feedsoft.ai/events/8313-china-rmb-exchange-rate-sharp-depreciation-amid-diverging-monetary-policy-bbva.md) | -6.7% | -1.8% |
| SBM | 2018-01-25 | [BCRA shift puts Argentine peso under pressure \| Capital Economics](https://feedsoft.ai/events/67268-bcra-shift-puts-argentine-peso-under-pressure-capital-economics.md) | -1.2% | +10.2% |

## Sources

- bbvaresearch.com: https://www.bbvaresearch.com/en/publicaciones/argentina-economic-outlook-june-2024/
- bbvaresearch.com: https://www.bbvaresearch.com/en/publicaciones/peru-economic-outlook-june-2024/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.