Peru's Economy Beats Expectations Again as Recovery Gains Steam.

ECONOMIC recovery; GROSS domestic product; FISH meal

Peru's economy has exceeded expectations for the second consecutive month in May, indicating a strong recovery from last year's recession. The economic activity index, which serves as a measure of gross domestic product, increased by 5% compared to the previous year. This growth aligns with projections from the central bank and finance ministry, which anticipate a 3% expansion in 2024. The recovery has alleviated pressure on the central bank to rapidly reduce interest rates. The surge in fishing, particularly anchovy, contributed significantly to the growth in May, with a more than 300% increase in production. [Extracted from the article]

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