End of preview - This article contains approximately 172 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 21 September 2026
In brief: Peru cuts growth forecast due to El Niño
*In its quarterly report on inflation, Peru’s central bank (BCRP) has cut its growth projection for 2026 to 3.2% down from 3.4% in its previous report issued in June, citing the impact of the El Niño climate phenomenon. Meanwhile it has cut its growth forecast for 2027 to 3.0% from 3.2%. According to the BCRP report, as a result of El Niño, it is forecasting a higher contraction in primary sectors in 2026 and less growth in 2027 due to “weather anomalies”, as well as a slowdown in non-primary manufacturing and construction for the remainder of 2026. The same report notes that annual inflation increased from 3.91% in May to 4.44% in August due mainly to high prices of food such as fresh fish, eggs, and chicken. It expects that inflation will close 2026 at 4.2%, up from a forecast of 3.8% in its June report, while for 2027, its forecast is unchanging at 2.0%, which is within it target range of 1%-3%.
- HAITI: Extraditions to US amid ‘next major phase’ of Moïse murder probe
- BOLIVIA: Paz promulgates IMF financing agreement, ends diesel subsidies
- In brief: Peru cuts growth forecast due to El Niño
- BRAZIL: Lula seeks to boost security credentials in Rio
- In brief: Brazil’s Petrobras joins gov’t fuel subsidy plan
- In brief: Cuba faces another national blackout
- MEXICO: Gov’t continues fuel theft crackdown with major bust
- In brief: Mexico’s Sheinbaum upbeat on US trade talks
- ARGENTINA: Left unites to ratchet up pressure on Milei with clock ticking
- In brief: Fitch affirms Chile’s rating, cites economic reforms
- Mexico greenlights US military training exercise