According to data from Dane, in the second quarter The Colombian economy grew by 2.1%The figure was above analysts’ forecasts, which estimated growth between 1.7% and 2%.
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Part of this increase was driven mainly by sectors such as public administration and defense; agriculture; livestock; hunting, forestry and fishing, and artistic activities and recreation. There was moderate expansion in the financial sector, construction and trade.
In the specific case of agriculture, for example, the positive trend was influenced by climatic changes, the reduction in fertilizer prices and good coffee prices.
And while these results reflect a moderate growth, could be placing the indicator at 2% By the end of the year, measures are still required to give the national economy a greater boost.
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Economic recovery
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Precisely, that is the topic that the former Minister of Finance, José Antonio Ocampo, developed in his Opinion column in EL TIEMPO, when analyzing the elements that make up the reactivation agenda that the Government has been building.
Among the factors that have generated the most criticism, two stand out: the tax rate on companies and forced investments. Much of the questioning is focused on the costs that its implementation could entail, especially considering the current fiscal situation.
According to the former Petro government official, there is another key factor that should be incorporated into the discussion and that is support for private investment. To this end, he said it is essential for the Government to give clear signals that it trusts in the private sector’s contribution to the country’s development and maintains regulations that promote investment.
This includes, for example, respecting the rules for infrastructure concessions and for public service rates, “two sectors in which private investment has been very important.” Added to this is also greater “agility and flexibility in the approval of environmental licenses”
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