According to Grace Urdinola, director of Dane, this decline in economic activity is explained by the low dynamism observed across the entire agricultural sector in terms of input cost increases that have affected this sector throughout the year.
“It was also affected by the long winter, which has kept production in this sector at this level,” said Urdinola.
On the other hand, a report from the Anif Economic Studies Center said that agricultural and mining activities have slowed.
“As observed throughout the year, the winter season has lasted longer than expected and has made it difficult for the industry to recover. There are many products whose yields have decreased in harvest, which has also had a significant impact on price increases. In addition, the cost of inputs has increased significantly, which has had a negative impact on the volume of crops,” he said. Mauricio Santamariachairman of Anif.
Fernando Salazar, research professor at the Admiral Padilla Naval Cadet Schoolexplained that shortly before the end of the previous government, there was a high degree of uncertainty due to the social discontent that began across the region.
“The issue of security related to drug trafficking, guerrilla fighters, organized crime, migration phenomena through transit and others settling in the country demand attention and assistance from the state to meet basic needs, aspects that represent the cost of bringing these lawsuits to to live,” said Salazar. said.
He added that these causes have become “the perfect and necessary scenario for the onset of an economic slowdown in the country”.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
