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2026-09-19 15:10:10
[Peru Lowers Economic Growth Forecast for This Year Due to El Niño Impact] ⑴ Peru's Central Reserve Bank Governor, Berarde, stated on the 18th that due to the stronger-than-expected impact of El Niño, the 2026 economic growth forecast has been lowered from 3.4% to 3.2%. ⑵ Berarde stated during the presentation of the September inflation report that the possibility of a more intense climate event has increased. ⑶ The central bank has therefore lowered its growth forecast for the primary sector, particularly concerning fisheries and agriculture. ⑷ From a market sentiment perspective, climate risk is becoming a significant variable in Peru's growth and inflation trajectory. ⑸ The intensity of El Niño and its impact on fisheries, agricultural exports, and food prices need to be monitored going forward.
