In this regard, Bonilla made a new call to the Bank of the Republic for a rate cut.

Bonilla explained that last year the nation closed with 0.6 % growth, a figure far from everyone’s expectations.

“However, recession is receding since the fourth quarter of 2023 closed with a growth of 0.3%, which means that the economy’s reactivation began and should be reflected by 2024,” he underscored.

The expert argued on a video posted on X, that there are essentially three factors of concern.

In that regard, the authority pointed out the decline in the inventory turnover, the construction that continues to be the determining sector, and he specified that the third one is the smuggling of textiles and clothing that has blocked industry.

About the expected growth by 2024, the minister referred that it is necessary to put in tune both public and private investments and that the Bank of the Republic carries on sending a positive message to the country in terms of rate depletion.

“The fall in inflation is helping to make that possible,” the minister of Finance granted.

omr/lam/otf