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BBVA Research raised its 2024 Peru growth forecast to 2.7% from 2.0%, as weather anomalies linked to the coastal El Niño have been less intense than expected. It expects inflation, now at 3.3%, to fall toward 2.6% by year-end and the sol to weaken to 3.85-3.95 per dollar.
A milder El Niño impact on Peru's economy and agriculture reduces weather risk for regional fishmeal and agri output, while a weaker sol could modestly affect Peruvian export pricing.
bbvaresearch.comVanessa Belapatiño, Yalina Crispin, Francisco Grippa, Hugo Perea, Manuel Ernesto Saenz ValdezMar 13, 2024Not 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.
