This result confirmed that 2023 was a year severely affected by the effects of climate change economic slowdownbecause when it is compared with the total of economic growth that was presented in 2022, the difference was 6.7 percentage points, as growth in that year was 7.3%.
It is also the lowest result of the 21st century without counting time pandemic.
Faced with these results, he said the Minister of Finance, Ricardo Bonillawho again appealed to the Bank of the Republic to lower the interest.
“The year ended at 0.6%, lower than the expectations we all had, but the spirit of the recessionsince the fourth quarter closed at 0.3%, which means that the reactivation of the economy has begun, which should be reflected in 2024,” said Bonilla,
In this sense, he says he is concerned about three factors, the first of which is the decline in sales inventoriesas companies reduce inventories and do not start new processes.
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.
