[Economics] The economy plummets: these are the worrying symptoms

[Draeno]

 

In mid-October of last year, just two months into the government, Gustavo Petro joined the voices that predicted a recession for the international and national economies in the short term, but surprisingly stated: "The question then is what does the Government, which has nothing to do with the interest rate" and again gave priority to global ideology, arguing that the international transmission to the country is a consequence of "the war, the very results of the disaster and the world paralysis product of the pandemic and global public policies”.

For the president, the issue remained there, despite comments from isolated analysts and union leaders who at that time drew attention to what was expected, but which gradually faded away and union spokespersons entered a period of "docility." almost total, never seen. The evidence points to official hostilities against critical leaders such as Andi, Federacafé, Fasecolda and Camacol. Only the first one has been sustained and the others were relieved.

Meanwhile, a galloping inflation that had not been seen in decades was “cooking” and the Minister of Finance, José Antonio Ocampo, of samperista lineage, had no time but to negotiate a fiscal tax reform like never before, in the Congress of the Republic.

The results of economic growth in 2022 were good (7.2%), but they hide a reality that is not disputed: from an annual growth rate in the first half of 2022 of 12.6%, it fell to 7.0% in July -September and 2.9% in the October-December period. In December alone, the Dane follow-up indicator showed a mediocre performance of 1.8%. In the last quarter of 2022 there was negative growth in agriculture, construction, manufacturing, mining and commerce, the most important sectors.

 

https://www.semana.com/economia/articulo/la-economia-cae-en-picada/202336/