Economic Observatory
Center for the Global Common Good
The economy has continued to slow despite upward revisions in some indicators. It is true that these indicators have performed better than expected, but the basis is that strong public spending has mitigated the worsening situation at the expense of higher spending. In our country, while there is another statistical effect of lowering the APR -simply the result of comparison with the already high levels of the previous year-, the damage done by inflation is high and always happens to lower middle-income people. The impact of the global economic crisis has complicated this slowdown path.
The international context is characterized by instability and uncertainty, especially in trade relations between countries. This has certain repercussions in our country, especially in terms of a decrease in exports and a fall in the prices of certain products and services. In addition, this context makes it difficult to attract foreign investment and financing.