Once again
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TL;DR
- Colombia's economic model, focused on public spending, is deemed unsustainable.
- Economic growth under the Petro government averaged 1.6% annually, below previous administrations.
- Unemployment reduction is linked to temporary and precarious public sector jobs.
- The government's spending has led to a historic trade deficit exceeding $16 billion.
- Foreign direct investment has fallen by 30%, and capital formation is at 17% of GDP.
- Public debt has increased by 68%, with interest costs up by 98%.
- The treasury is in a precarious state, relying on short-term debt issuance.
- The General Comptroller issued a severe warning regarding public debt evolution.