“Inflation, high interest; the slowdown in job creation, which nearly cost trade 121,000 jobs since last December; They are already starting to take their toll on the sector and Colombians in general, who are immediately lowering their consumption levels,” he said. Jaime Alberto Cabalpresident of Fenalco.
The union drew attention to the situation of Narino and the south of the country, which has been hit hard since last month by the closure of the Pan-American highway and has forced most companies to downgrade their forecasts for at least the first quarter of the year.
As for business expectations, they are also suffering a deterioration. For 27% of the respondents, the expected situation of their company is acceptable. A year ago this percentage was still 46%. The percentage of pessimists, on the other hand, went from 15% in January 2022 to 23% in January this year.
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.
