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Petro defends positive economic growth in Colombia
Friday, June 14, 2024 - 13:30
Petrobras. Foto: Reuters.

It is driven, according to the president, by agricultural activity, without coffee; tourism: and foreign direct investment other than oil, which has broken its historical record.

The president of Colombia, Gustavo Petro, has defended that economic growth is positive, although he has recognized that it is not yet good, but that it is being reactivated based on a "spectacular" increase in some sectors.

In a publication through his 'X' account (formerly Twitter), the Colombian president responded to the economic data shared by a national media, going so far as to call the information he shared a "lie."

Among others, Petro has pointed out that tax collection is the second best in the century, not the worst in the century, and that investment is determined by interest rates, something that he has assured is "the ABC of the economy" in the first quarter of the year.

Colombia's economic growth is driven, according to the president, by agricultural activity, without coffee; tourism: and foreign direct investment other than oil, which has broken its historical record.

Likewise, regarding inflation, Petro has pointed out that it is 5 points lower than a year ago. According to the figure released this week by the National Administrative Department of Statistics (DANE), inflation remained stable in Colombia at 7.16% year-on-year in May.

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