Although President Gustavo Petro’s fights on social networks, especially those recorded on by the decisions of the first president.
This was announced by Chamber representative Catherine Juvinao Clavijo through a publication on the social network in which she referred to the country’s present and the way in which the economy is showing signs of decline.
In her message, the representative began by confessing that she was not interested in Gustavo Petro’s fights or his political mistakes as long as issues such as unemployment and foreign investment were okay.
“Until recently I was one of those who said things like ‘well, Petro is making a lot of mistakes in political terms, but at least the economy is not doing badly.'”
But, as the representative explained, since the end of 2023 the growth of the economy in the country has slowed down, even the figures for the same period in 2022 were more encouraging.
“To the surprise of even the most pessimistic, in the last quarter of 2023 the economy grew 0.6% compared to 7.3% the previous year. A brutal fall.”
Among the issues that have Representative Juvinao concerned is foreign investment, which has fallen by 25%; As well as, housing construction, which was one of the engines of the economy in Colombia, collapsed.
“The housing sector, one of the main drivers, collapsed by almost 50%, and now it turns out that unemployment, which had been decreasing, rose again from 11.4% to 11.7%.”
Another position of the president that worries the representative is the insistence on having future validity periods, canceling contracts for important works for the country and converting the nation’s budget into the petty cash, since according to Juvinao, it creates uncertainty and anxiety.
“Not to mention that it is underfunded and that the execution of public spending is the lowest in the last decade.”
Representative Juvinao assured that she has no problems with the president’s fights on social networks, but that it is worrying if these differences begin to affect the country’s economy.
“I think the president can make many political mistakes, but the moment they start to affect the economy we will already be talking about a much more complex problem than a bunch of politicians fighting all day on Twitter.”
Cathy Juvinao added that these fights will have direct repercussions on the household economy, on employment issues and on the goals for overcoming poverty in the country, therefore, she invited citizens and other sectors such as academia to review and analyze these types of events to reach a solution so that it does not become a bigger problem in the future.
“The constituent nonsense and other daily balloons launched by President Petro only seek to distract us from this worrying panorama, for which he must be held accountable.”
The JP Morgan report
Although the figures for Colombia’s economic growth for the first quarter of 2024 are not yet known, according to a report from the financial company JP Morgan, the economy in the country could exceed expectations in this period.
“Through our monthly real activity tracker, we have observed a significant increase that could positively influence the country’s balance sheets in the short term,” the company commented.
According to the document, the highest growth was recorded in January thanks to the country’s primary production, which increased by 8.1% compared to the previous month. With Infobae