On Wednesday, Dane released third-quarter GDP data, which led the dollar to break its bearish trend. GDP fell by 0.3%. The expected results exceeded analysts’ expectations.
The dollar opened on the market with a minimum price of $4,040.00 and a maximum of $4,081.60.
The representative market price for this Thursday is $3,976.84.
After knowing the GDP results, Gustavo Petro Urrego proposed in the national debate to evaluate the current fiscal rule to stimulate investment and urged the Bank of the Republic to reduce interest rates.
About the investment, the former Minister of Finance of the government of Gustavo Petro, José Antonio Ocampo, published on the social network “It is essential for the government to accelerate the implementation of public investments and avoid sending messages that reduce confidence in the country’s economic management, including President Petro’s message to change the fiscal rule.”
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.
