Peru Economy Growth Forecast Raised to 3.5%
Peru's MEF raises 2026 GDP growth forecast to 3.5% from 3.2%, while the minimum wage is set to rise to S/ 1,300 in two tranches. The post Peru Economy Growth Forecast Raised to 3.5% appeared first on The Rio Times .
Peru's Ministry of Economy and Finance has raised its 2026 GDP growth forecast to 3.5%, up from the previous 3.2%. Minister Elmer Cuba hinted at the possibility of growth reaching 4% in 2026. The April 2026 projection was 3.2%, part of the medium-term outlook. The revised forecast reflects stronger momentum in key sectors, but the upper-end estimate of 4% remains a possibility, not a formal target.
The increase is due to stronger domestic demand and resilient exports, despite the impact of El Niño Costero. The minimum wage will rise in two steps, from S/ 1,130 to S/ 1,300, a S/ 170 increase phased in November 2026 and April 2027. Annual inflation hit 4.1% in July 2026, above the central bank's 1%-3% target band. The exchange rate forecast for end-2026 is S/ 3.35-3.40 per US$1, indicating relative stability.
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