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For 2024, Fedesarrollo is projecting GDP growth of 1.4% and a year-end CPI of 5.4%

Gustavo Petro vs. Supreme Court, Medellín Drama in City Hall, Economy Stagnates, Panam Games Fiasco, JetSmart Is Coming

The first quarter of 2024 recovery is likely to be modest as well — in large part due to the central bank's refusal to lower rates until December.

Transport workers are going to represent a problem, as the government tries to move fuel prices to market levels.

The hope is that we will see another decline for January, but some are concerned about how the 12% minimum wage increase and El Niño have affected prices.

The country needs both sides of the spectrum. But still far, far too many, especially on the right, don't accept that simple democratic rule.

Petro called it a "natural" disaster, but there is undoubtably a human element given the money invested previously to repair the road — to no avail.

The highlight of the week was clearly the 0.45% inflation print for December — which dragged the full-year figure or 2023 to 9.28%, below the 9.45% expected.

The sad reality is that the ruling elite have little-to-no interest in changing the status quo. In the end, it suits them just the way it is.

The move was so far overdue — and was so small — that it has been forgotten already. It is of course a welcome message, but isn't big enough to shock the economy into life.