Hugo Vega is currently a Principal Economist from the BBVA Research Peru Unit. He is part of a team devoted to macroanalysis of the Peruvian economy. He is also a professor and teaches the Master’s Degree in Economics at the Pontifical Catholic University of Peru and the Faculty of Economics of the University of Piura.
Prior to this, he was an Assistant Manager of Investment Strategy at AFP Integra and he has also worked within the Management of Economic Studies at the Central Reserve Bank of Peru, where he led the Monetary Programme.Hugo has a PhD in Economics from the London School of Economics and Political Science (London, UK). He has published a number of papers on macroeconomic issues such as monetary policy, macroprudential tools, financial friction.May 15, 2025
In March 2025, GDP grew by 4.7% year-on-year. The primary component expanded by 4.9%, driven by the fishing and construction sectors. The non-primary component rose by 4.3%, supported by non-primary manufacturing, construction, and some service segments.
May 2, 2025
In April 2025, the Consumer Price Index (CPI) rose by 0.32%, exceeding expectations. The increase was driven by seasonal factors related to Easter, which pushed up the prices of fishery products and transportation services. Poultry prices also rose again. In contrast, fuel prices declined.
April 15, 2025
In February, GDP grew 2.7% year-on-year, below the market consensus (3.4%), affected by a negative base effect. The non-primary component grew 2.5%, with construction being the most notable. The primary component grew 2.3%, driven by fishing and agriculture. Mining contracted due to lower gold and zinc production.
