During the announcement of the economic census in Colombia that will be carried out in 2024, President Petro announced the formula for economic reactivation. One of them is to lower interest rates.
Web/LN Editorial
President Gustavo Petro closed the launch event of the National Urban Economic Census of the Dane that will be carried out in 2024 and made important announcements for the reactivation of the economy.
The census aims to update the information and figures of the country’s micro, small, medium and large companies in different sectors. In addition, it will allow planning the economic roadmap for the next 10 years.
In the midst of the economy’s red figures, President Petro is already talking about what he considers the formula for reactivation: increasing the urgent demand for goods and services. To do this, he insisted on the need to lower interest rates and highlighted the role that public spending and the increase in the minimum will play.
“Wouldn’t the variable that be failing at this moment be demand? And then increase the demand, then the questions come, and how do we increase the demand for the people and the demand for the State? “So that this machinery starts rolling in terms of reactivation, as they call it now, economic”said the president.
“If I raise the interest rate, will I increase demand? If the analysis is correct, I put it in quotes because it is always debatable, and that is what public debate is for, but if what the data is showing me is that stocks are falling, then what I should promote to reactivate the economy is that stocks fall more, that is, that they buy more, that they buy more housing, that they buy more clothing, that they buy more shoes, that they buy more raw materials that now become productive investment, that is investment, the purchase of raw materials ”, Petro said.
With information from: Blu Radio
