A Check on Petro's Economy Two Years In page 2 - Colombia forum

futuroexpat · 2024-09-19T03:45:08+02:00

OK, we are two years in with the government of Gustavo Petro. All the "nattering nebobs of negativism" have been proven wrong. The Colombian economy is strong, one of the best in all Latin America. DANE just today released the data: Construction and manufacturing are up. Finance sector is up. Employment is up. Agriculture grew 7.45% in July 2024! (DANE Boletin Técnico, 2022-2024, Gráfico 9) Petro's critics were predicting economic disaster, hyperinflation, etc. that Colombia would become Venezuela if Petro was elected. Quite the opposite has happened. Colombia has created more multimillionaires with Petro leading Colombia's economic growth. (Vicky Dávila is pissed... ha ha ha) Bancolombia now has exceeded more than 3 billion in profits The price of coffee has reached all-time highs of the last 18 months. Inflation came to a screeching halt in August 2024 to ZERO % The Colombian economy under Petro's leadership grew 3.86% in July 2024. Petro has made reductions in inflation, a feat not seen for 100 years, from the rate of inflation that the Duque administration left Petro. The USD stable... not 5,000 not 7,000 like the critics predicted. Recent fluctuations are due to waiting for the Fed in the USA to announce its decision. Colombian tourism sector is yielding more profits now than the carbon mining sector! Colombia is learning not to trust the lies promoted by those who follow Uribe. Petro's leadership is changing Colombia into a world leader. For example, the COP biodiversity conference in Cali will be attended by presidents of Brazil, Mexico, Peru, Panama, Honduras, Ghana, Suriname, Mozambique, Haiti, and vice-presidents of Cuba and Kenya, and 103 ministers from other countries. The first time for so many world representatives in Colombia... because Petro is a respected international leader in the global transition to renewable energy. Petro has encouraged hundreds of projects related to energy. EcoPetrol is participating and will prosper. EcoPetrol was stuck in fossil fuels in the Uribe epoch. The image of Colombia was stuck under "Uribismo." Colombia was viewed as a narco nation full of violence and corruption. That is changing with Petro's world leadership in developing alternative energy sources. The Colombian congress supports Petro's initiatives which bring foreign investors to Colombia and strengthen the Colombian economy. In just one year Petro reduced the rate of infant mortality due to malnutrition by 50%. Why couldn't the "Uribista" governments do that? Petro installed solar roof panels on the hospital of San Andres (island) in spite of the best efforts of the opposition to deny the money. The critics know if Petro is able to complete projects which save energy, save money, and reduce deaths, projects that benefit all Colombians (the rich and the poor), the "uribistas" will not be able to win the next election, and will not be able to get their hands on public funds for their "serrucho" (corruption, theft, fraud) that left Colombia in bad shape when Petro was elected. But Petro has turned it around in two years. The proof is in the report DANE released today. Overall the Colombian economy under Petro's leadership has grown 3.7% (after seasonal adjustment)

A Check on Petro's Economy Two Years In

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ChineduOpara Serial expat

Member since 08 August 2021

ChineduOparaSerial expat19 December 2024 18:12:19

#41

332

@South American Voyager

One could put Nigeria on this list and it'd fit right in 馃し馃徑鈥嶁檪锔� I wonder if there's ANY "free" and "democratic" developing country on Earth where at least 50% doesn't hate its current president. Heck, even the USA - also known as the world's wealthiest and most popular 3rd World Country - isn't immune to this dichotomy.

I doubt any of these countries will EVER have a president that more than 50% of the population truly admire and support.

So I guess what I am saying is... do these numbers really mean anything? Realistically?

nico peligro Serial expat

Member since 18 September 2020

nico peligroSerial expat19 December 2024 20:48:57

#42

767

@South American Voyager

Trudesus approcal rating is less tgan 20% now and still droping like a stone.

According to WSJ , Mileis approval rating is 55%

nico peligro Serial expat

Member since 18 September 2020

nico peligroSerial expat19 December 2024 20:58:35

#43

767

He (Petro) is not as bad as I thought.he.would be, but thats mostly because he is somewhat of a lame duck.

Seems to have really screewed up the EPS system though,and the Oil and Gas industry, which could mean big problems in a few yesrs

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