Last month, we identified four pieces of good news for the business environment: (i) lower prices of certain imported goods, (ii) lower political risk, (iii) improved business confidence, and (iv) some stabilization in local financial variables.
According to the survey carried out by Ipsos and APOYO Consultoría this month, close to 30% of people rate their current economic situation as bad or very bad. Even so, another 30% expect it to improve in the next 12 months, a percentage that exceeds – for the first time since 2021 – the percentage that expects it to get worse.
Congress's difficulty in finding consensus regarding the political reforms necessary to ensure institutionality, representation, and balance of powers would keep the risk of political crisis latent in the next five years. Likewise, the growing citizen discontent, which could not be satisfied by the poor electoral offer, will maintain uncertainty regarding the next elections.
Growth in categories driven by the pandemic, such as in-home food and homecare, will continue to slow. Other categories hard hit by the pandemic, such as personal care and beverages, will continue to recover.
