Falling off the bicycle

Former Superintendent of Industry and Commerce 17.02.2026 23:17 Updated: 17.02.2026 23:17

Falling off the bicycle

TL;DR

  • The year 2026 marks the epilogue of a self-inflicted crisis, impacting public finances, social security, and investment.
  • The country experienced its worst economic growth in 30 years, with investment falling over 12% due to increased debt and spending.
  • Major sectors like mining, energy, manufacturing, and construction have experienced significant declines (-8.4%, -4%, and -8.5% respectively).
  • The destruction of formal employment, purchasing power, and contributions to social security are direct consequences of these sectoral crises.
  • Despite high budgets and tax reforms, the country faces its highest debt and deficit in history.
  • The government is accused of undermining the separation of powers and governing by decree, leading to a dire economic outlook for the incoming administration.