The Minister of Economy, Planning and Development, Pável Isa Contreras, affirmed that the country’s economic growth projection is maintained at 4.5% for 2023.
Isa Contreras explained that when it is established that January was a month of low growth, it is being compared with this month of last year, which was the month with the best economic growth of all of 2022, which must be taken into account.
“According to the statistics that approximate economic growth, we are going to see a higher level of growth in February and March than was seen in January,” he pointed out. Isa Contreras, interviewed by the journalist Adalberto Grullón and the journalist Millizen Uribe, in the Uno + Uno program, which is broadcast on Teleantillas, channel 2.
He announced that at the end of this month of March a new Macroeconomic Framework prepared by the Ministry of Economy will be published, with the participation of the Central Bank and the Ministry of Finance, which contains the new macroeconomic projections and that the forecast is hardly far from that 4.5%
“So far, we maintain our forecast that growth for the year 2023 will be 4.5%,” he said, noting that it is very good growth.
The economist and researcher pointed out that the construction sector is the one that is dragging the growth rate down the most, because it is very directly impacted by the rise in the interest rate to contain inflationary pressures, a measure implemented correctly by the authorities money to combat inflation.
The minister highlighted the measures that the Government has taken to boost the construction sector. In the first place, he cited at the end of the year the effort to maintain the growth rate of public works.