Prior to heating the commercial dispute between the two main powers of the worldthe Ministry of Economy and Finance, MEF, raised its growth estimate of Peru’s GDP from 3.1% to 4%.
Now, in its new multiannual macroeconomic frame, the new official figure is 3.5%although MEF himself insists, despite the reduction, that Peru could reach 4%.
For their bad luck, consulted specialists believe that the impact of the tariffs placed by the US is ir. which would push its growth down.
If China grows less, Peru too?
There is no doubt that China is the main target of the new US trade policy with tariffs imposed at date to 145%Donald Trump has said the way that the Asian nation must offer something “substantial” to get a reduction.
This situation has generated that several entities decide to cut their growth estimates for the Asian giant. One of the first was Goldman Sachs, they anticipate a 4%advance, a half -point reduction.
A cut of the same proportion made citi, that now awaits a growth of 4.2% for China, when it previously foresaw an advance of 4.7%.
And recently the International Monetary Fund added, IMF. This entity said that China will also grow 4% this year, which represents a cut of 0.6 percentage points compared to its previous projection.
All, without exception, pointed out that the main reason will be the consequences of the high tariffs that USA. He has imposed the Asian country, whose government still maintains its expectation of growing 5% in 2025.
