[Peru lowers its economic growth forecast for this year due to the impact of El Niño] September 19th, Governor of the Central Reserve Bank of Peru, Velarde, said on the 18th local time that due to the larger-than-expected impact of the El Niño phenomenon, the Central Bank of Peru has lowered its economic growth forecast for Peru in 2026 to 3.2% from the previous 3.4%. When introducing Peru's September 2026 inflation report that day, Berard said that the possibility of more severe climate events has increased, and the central bank has therefore lowered its growth expectations for the primary industry sector, especially fisheries and agriculture. Velarde also announced that he would raise his inflation forecast for Peru in 2026 to 4.2% and lower his economic growth forecast in 2027 from 3.2% to 3.0%. El Niño refers to the phenomenon of large-scale and sustained abnormal warming of seawater in the equatorial Pacific Ocean, which often causes climate anomalies in many regions around the world. Strong El Niño events in the context of global warming will not only increase the risk of extreme weather, but will also have a series of long-term impacts by affecting agricultural production, commodity prices and global supply chains. (CCTV News)