Let’s not be fooled. Here the only person responsible for the economic disaster is the national government, along with the president Gustavo Petro to the head. No one else is responsible for this debacle. It is time for them to take responsibility. Here they cannot blame an “exploitative and slave-owning” business class, as Petro calls […]
Tag: Economy is growing
Fedesarrollo business survey estimates inflation at 9.43%
The cost of living in Colombia for this year has been projected at 9.43% by the Fedesarrollo business survey. In September, the analysts surveyed also predicted that the Bank of the Republic’s intervention rate would end the year at 12.50%. In terms of economic growth, they project an annual variation in GDP of 0.5% for […]
Colombia’s economy contracted 0.78% in April
For the first time in two years, the Colombian economy showed a decline in its indicator. According to the National Administrative Office of Statistics (Danish), this decline was 0.78% per year with a closing in April. This was announced by the entity’s report through the Economy Monitoring Indicator (ISE) corresponding to the month of April. […]
The growth of the economy in February was 2.98%
The annual growth of the economy in February this year was 2.98% compared to the same month last year, according to the results of the Indicator for Monitoring the Economy (ISE) of the National Administrative Department of Statistics (Dane). In terms of activities, primary activities (which include agriculture and the operation of mines and quarries) […]
“We are going to analyze what the private sector has to say about the labor reform”
Finance Minister José Antonio Ocampo was optimistic about the country’s economic growth this year. He assured that while the government estimate is 1.3%, his personal forecast is between 2% and 2.5%. For the minister, there are many positive factors leading to these results being expected, including the reduction in inflation, the increase in agricultural production […]
The IMF lowered the growth forecast for Colombia in 2023 to 1.1%.
Colombia’s economic growth forecasts for this year have been revised downwards as a slowdown is expected. The International Monetary Fund (IMF) has cut its GDP growth forecast for Colombia in 2023 from 2.2% to 1.1%. He points out in a report on Latin America that growth will slow this year due to higher interest rates […]
The IMF expects that by 2023 a third of the world economy will be in recession
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, warns that “a third of the world economy” will be in recession this year, including “half of the European Union”. In an interview on the American television channel CBS, collected by EFE, Georgieva assures that “it will be a difficult year for the majority […]
The economic growth of the Caribbean coast is expected to reach 8.1% this year
With a projection of economic growth According to the Fedesarrollo Economic Prospect report, the Caribbean coast would be the second region of the country with the best GDP performance by the end of 2022 at 8.1%. Read: The dollar is rising and approaching $4,800 The document states that the regions’ growth will be between 5.4% […]
The annual growth rate of the economy to September was 4.2%
This has been announced by the National Statistics Office (Dane) in its report on the results of the Monitoring Indicator Economy (ISE). The top contributors to economic activities this month were arts, entertainment and recreation; trade, maintenance, transport, storage, catering and manufacturing industry with a contribution from 3.7 percentage points. Meanwhile, primary activities (agriculture and […]
The annual growth rate of the economy until August was 8.6%
The financial holding company’s analysis reiterated that it had a growth of GDP by 7.8% over the whole year. “Despite the positive surprise in the August 2022 results, the accumulated effects of the Banco de la República rate hike cycle, continued inflationary pressures and the depreciation of the Colombian peso will affect private consumption dynamics […]