Data released today confirmed that Peru was among the region’s star performers in Q3 and is on track to expand by 7.0% this year. Nonetheless, with the outlook for the global economy deteriorating, the risks to our forecast for growth to slow to 4.0% next year may be to the downside. As a result, we still expect interest rates cuts, although Peru may be one of the last in the region to start easing next year.
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