Peru's Economy Sees 5.04% Growth in May

Peru's economy experienced a 5.04% growth in May compared to the same period last year, as reported by the INEI statistics agency. This growth aligns with the central bank's forecast and indicates a potential recovery from the recession the Andean nation faced last year.

Peru's economy grew by 5.04% in May compared to the same month last year, according to the government's INEI statistics agency. This marks a continuation of the positive trend observed in the prior month.

The growth figure aligns closely with a forecast of around 5% from Peru's central bank. The Andean nation's economic expansion signals a potential end to the recession it encountered last year.

As Peru's economy shows signs of recovery, policymakers and analysts remain cautiously optimistic about its trajectory in the coming months.

(With inputs from agencies.)