Key facts
- Peru's economy grew 1.75% in June compared to the previous year.
- Peru's economy grew 1.8% in May compared to the previous year.
- The fishing sector was particularly impacted by the El Niño weather pattern.
- The national statistics agency, INEI, reported the economic figures.
Peru's economy grew by 1.75% in June when compared to the same month in the previous year. This figure represents a slowdown from the 1.8% economic expansion recorded in May. The national statistics agency, INEI, reported these figures, indicating a moderated pace of economic activity.
The fishing sector was notably impacted by the El Niño weather phenomenon, contributing to the overall deceleration. El Niño has brought warmer waters and altered marine currents, affecting fish populations and consequently the productivity of Peru's fishing industry.
While the specific details of other sectors' contributions were not elaborated upon in the provided summary, the overall economic growth suggests that other areas of the Peruvian economy may have compensated to some extent for the slowdown in fishing. However, the persistent effects of El Niño remain a significant factor for the country's economic outlook.