Economic growth likely remained steady at the beginning of Q2 and is becoming increasingly broad-based, despite the uncertain external environment.
So far this year, the economic recovery appears to have strengthened, with growth becoming more broad-based.
Domestic demand has performed well. In the first quarter, it grew by 6%, driven by a nearly 9% increase in private investment and an approximately 4% rise in private consumption. This has translated into growth in sectors such as trade, services, and construction. Likewise, it has supported the recovery of lagging markets—such as microenterprise credit and self-construction—which have started to grow this year after a poor performance in 2024.
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Alejandro Aldana
Head of the Business Advisory Service