In accordance with Laura ClavijoDirector of Economic Research BancolombiaThis is the result of recent signs of the weakening of the economy economic activity of the country, due to a very shrinking attitude of the monetary policy that affects the dynamics of the ask internal.
“Economic activities that provide services to houses Outside of retail and logistics, businesses would show the greatest momentum in closing for the remainder of this year. Meanwhile, the sectors related to manufacturing, distribution and commercialization of goods (industry production, build, transport, trade) are the hardest hit by the high interest rate environment,” said Clavijo.
In this sense, he added that the vision remains valid that 2024 would be a year of gradual recovery of the economy’s dynamism, with quarterly growth that will gain speed throughout the year to the extent that interest rates in Colombia and the world is shrinking.
However, he explained that the negative statistical drag from 2023’s slow momentum would hinder next year’s figures, and as a result, growth of 0.9% is assumed for the whole 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.
