When analyzing the growth of the economy in the first quarter, it appears that activities such as: trade, industry and entertainment (especially online gambling) showed high activity.
“During this period, artistic, entertainment and recreational activities stand out, with a variation of 35.7%, having been hit hard in the past two years; also information and communication activities, at 20.6%; trade, transport, housing and foodservice with 15.3% and the manufacturing industry with 11.1%,” said the union leader.
For his part, Alejandro Useche confirmed that one of the sectors facing growth challenges is agriculture, which contracted 2.5% in the first quarter.
Within the primary sector, the largest backlog is presented by the mining sector, which remains 15% below pre-pandemic activity.
In terms of secondary activities, the construction sector shows significant gaps compared to other sectors, which widened in March compared to the first two months of 2022.
“The average growth of GDP It’s good, but it needs to be analyzed that it currently shows very complex realities, such as the agricultural sector, which is affected by the higher cost of inputs,” he explained.
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.
