Situación Perú septiembre 2025: la demanda interna impulsa la economía

from BBVA Research · host BBVA Podcast

La economía peruana siguió mostrando un buen comportamiento en el segundo trimestre con una fuerte expansión de la demanda interna. Francisco Grippa, de BBVA Research, habla en este pódcast sobre las principales conclusiones extraídas del informe de Situación Perú de septiembre 2025. En particular, los altos términos de intercambio, el inicio de construcción de nuevas minas, y la reciente liberación de fondos de pensiones apuntan a que el crecimiento alcanzará el 3,1% en 2025 y en 2026, a pesar de la incertidumbre electoral. Sobre la inflación, hacia adelante se espera que tienda a subir, finalizando 2025 en torno a 1,8% y a 2,5% en 2026. Además, Grippa destaca que la moneda local se ha fortalecido en lo que va del año en un entorno de debilidad global del dólar y de elevados términos de intercambio y superávit en las cuentas externas. Ello se produce en un contexto en el que la tasa de política sigue en el rango que estimamos como neutral (entre 4,0% y 4,5%).

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This episode is 15 minutes long.

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This episode was published on October 14, 2025.

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