Peru’s economic expansion decelerated sharply in May 2026, with gross domestic product rising just 1.8% year-on-year.
The figure marks the weakest growth pace in six months, breaking a streak of expansion above 3% and signaling that the El Niño weather pattern is taking a tangible toll on the country's output.
The slowdown in Peru, a critical node in the global copper supply chain, arrives as weather-related disruptions intensify across the region.
A powerful winter storm is currently battering Chile’s northern mining regions, threatening operations in the country that supplies nearly a quarter of the world’s copper.
The Italian utility Enel has already responded to the Chilean weather event by increasing its focus on operational resilience, highlighting the immediate physical risks to infrastructure.
These concurrent weather events in Peru and Chile underscore the vulnerability of Latin American mining output to climate volatility.