Editor’s note: Dear reader, this information is part of our top content prepared at the end of 2023. In its content you will find the highlights of this year and that is why we have left open access.
Economic indicators allow us to assess the country and in 2023 some were better than others or at least “proved to be very resilient”, such as exports, which were good despite the fact that they are slowing down. The most complicated comes from the fiscal side, where current spending has skyrocketed and revenues have fallen, making it a “perfect combination for disaster,” and this is reflected in the expected result for this year with a deficit of $5.6 billion. The editor explains how these indicators moved weekly analysis, Alberto Acosta Burneo.
Exports are a positive indicator, there are sectors with excellent performance, such as mining, “which continues to grow rapidly, reaching record exports, although the slowdown is also reflected, but still has important performances”. In the middle of the year, the export of mining amounted to 1,642 million dollars, and in October it already exceeded 2,900 million dollars, according to data from the Ministry of Production.
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In 2023, there is a significant fiscal crisis, which has caused current spending to grow rapidly, while revenues have decreased, resulting in a deficit of $5.6 billion and “due liabilities, because that is the way the Government cannot pay”.
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Added to this is the economic slowdown, which is “reflected in the wave of migration and sums up the gravity of the current situation”. In 2021, about 82,000 people left the country, and in 2022, at least 120,000. “These results are as strong as what was seen after the ’99 crisis, it is also one of the most worrying indicators of the year.” Others present challenges and positive points.
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Salary increase
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Inflation
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Risky country
Economic growth
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Investment
Source: Eluniverso
Alia is a professional author and journalist, working at 247 news agency. She writes on various topics from economy news to general interest pieces, providing readers with relevant and informative content. With years of experience, she brings a unique perspective and in-depth analysis to her work.
