In 2024, a more favorable business environment is anticipated than the previous year.
On the international front, despite the lower global momentum, commodity prices will have a relatively favorable evolution for the country. On the one hand, we foresee a moderate slowdown in our main trading partners. In the case of the US, we anticipate lower growth due to i) the lagged effect of contractionary monetary policy, ii) a lower fiscal impulse and iii) the depletion of excess household savings. Meanwhile, the Chinese economy will continue to slow down due to structural factors, as well as difficulties in boosting the real estate sector and greater regulation in the technology sector.
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Analyst
In the first quarter of the year, economic growth remained solid (3.6%). This was the result of a combination of favorable dynamics for GDP.
The deadline for registering political organizations in the Registry of Political Organizations (ROP) expired on April 12.
The economy maintained a solid growth pace in Q1 2025, around 3.8%, slightly above expectations. Primary sectors, such as agro-exports and fishing, continued to rebound, although they were still affected by weather conditions in Q1 2024.
