Peru's Economy Grew Around 3% in Q2 2026, Scotiabank Reports
Peru's Gross Domestic Product (GDP) experienced an estimated growth of approximately 3% during the second quarter of 2026. According to the Weekly Report from Scotiabank, the country's GDP expanded by 1.8% in May compared to the same month in 2025. This figure represents the lowest expansion rate recorded in the last six months, as indicated by data from the National Institute of Statistics and Informatics (INEI). The actual May growth fell short of Scotiabank's initial projection of 2.3%. Furthermore, it was significantly lower than the average forecast of 3.1% provided by a consensus of analysts surveyed by Bloomberg.
The reported GDP growth figures for Peru in May 2025 and the projected Q2 2026 performance suggest a deceleration in economic expansion. While the economy is still growing, the gap between actual and forecasted figures, particularly the lower-than-expected May result, indicates potential headwinds. Scotiabank's downward revision and the broader analyst consensus missing the mark highlight the challenges in accurately predicting economic trajectories amid evolving market conditions. Future policy decisions will likely need to address factors contributing to this slowdown to ensure sustained and robust growth in the medium term.
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