Analysts agree that 2023 will be a difficult year in economic terms for Colombia and much of the world. There is talk of inflation figures that will remain high, economic decline and even recession risks.
The problems are unevenly affecting economies. The effects are accentuated in developed countries but also hit those that They are developing like Colombia.
(Read: The GDP for 2023 faces a round of downward revisions).
What comes in the coming months for the country?
On the one hand, for Carlos Guayara, entrepreneur and economist, the next few months in Colombia will be challenging. The expert talks about falls in the markets, high inflation and other factors end up leading to a recession.
“It is something that people have to normalize because it is part of the economic cycles. Although it puts us in a more complex situation, it is very possible that by 2023 the outlook for companies will be much tighter“Guayara assures.
There is probably a rise in unemployment rates by international factors that are hitting the economies. Given this, he recommends adopting a more conservative position regarding your finances and trying to save, invest and look for growth opportunities.
“However, in the tightest times is where more investment opportunities are generatedGuayara says.
It also highlights the role that will be played byto tax reform and decisions in the hydrocarbon sector. “Depending on what happens on these two fronts, it will mainly affect the confidence of international investors, the TRM, public debt, the devaluation of the peso and others.”
For Andrés Castro, dean of the international business faculty at Universidad Piloto, it is important to understand the future of the country based on the decisions made in public policy terms and the measures that will be taken to maintain good commercial relations with partners abroad.
(Keep reading: Times of crisis: recommendations to manage your finances).
“It is important to think about the guarantees and security for the businesses that are going to emerge or that are looking for opportunities, they are given with stability“, he points out. Along with this, he ensures that the country must maintain the strategic allies that have been fundamental in the country’s foreign trade.
It also highlights that one of the challenges is in the technology sector to facilitate decision-making decisions in times of uncertainty such as the current ones. Along with this, insist that new opportunities and niches must be sought that allow diversification, for example of exports.
“The most important thing is that there are sufficient guarantees so that this growth is maintained and the advances in the processes of insertion in international markets are not lost.Castro says.
(See: Why business confidence deteriorated in September?).
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