Peru’s central bank, BCR, has increased its economic growth projection for 2026 to 3.4%, citing strong performance in non-primary sectors like construction. This revised forecast reflects a positive outlook despite the potential impact of the El Niño coastal climate pattern. The bank cautioned that a severe climate event could negatively affect key industries including fishing, agriculture, and hydrocarbons. While acknowledging climate-related risks, the BCR maintains a generally optimistic view of the Peruvian economy’s trajectory. The improved estimate for this year is driven by the dynamism observed in sectors beyond resource extraction. Officials will continue to monitor climate conditions and their potential economic consequences. This adjustment suggests increased confidence in Peru’s economic resilience.