‘Economic growth is the result of a sustained reactivation’

The Colombian economy grew by the third quarter of this year 5.7 percentage points compared to the second, driven by the reactivation of trade, transport and accommodation and catering, as well as the manufacturing industry.

(Colombian economy grew 13.2% in the third quarter).

This was reported on Tuesday by the National Administrative Department of Statistics (Dane), He recalled that the Colombian economy suffered in the second quarter of 2021 due to the third peak of the pandemic and the protests of the national strike.

“The month of September has a significant correction in the pace of economic reactivation”, assured the director of the Dane, Juan Daniel Oviedo, in a press conference.

Faced with these results, the Minister of Finance and Public Credit, Jose Manuel Restrepo, that these figures represent the demonstration that “Our reactivation program is underway and it is working.”

And I add: “We can see a growth of 13.2% in the third quarter, but something that is very important is that the first 9 months of the year show a double-digit growth rate compared to last year, a historical figure: 10.3% “.

For his part, President Iván Duque highlighted this news through his social networks:

“The historical growth of our economy reaffirms that the Safe Reactivation of the country is advancing at a steady pace. The Dane revealed that in the third quarter of 2021 GDP grew 13.2% compared to the same period of the previous year, driven by trade and industry “.

This expansion of the economy contributed trade, vehicle repair, transport and storage, accommodation and food services, which grew 15.6%; manufacturing industries (+13.2%), and professional, scientific and technical activities and administrative services (+5.3%).

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