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Banco de la República left rates at 13.25% — no surprise! — and lowered their 1.0% GDP estimate for 2023 to 0.9%.

Congress is back (collective groan), and the word "reform" is set to dominate the agenda between now and the arrival of Father Christmas.

Despite opinion polls declaring we are heading for Armageddon, we see various stakeholders increasing the GDP outlook.

For April, unemployment was 10.7% — down from 11.2% a year ago — and there was a 3.5% increase (785k) in the number of people working year over year

“It’s as if all the stars lined up for us and what you saw were the results as of 2022, where we were able to grow 44%”

Record Q4 Gross Margin, Operating Margin, Net Income, Adjusted EPS & Free Cash Flow

Export data for September disappointed once again, but unemployment data is trending favorably - and tax reform passed!

Gross profit for the third quarter of 2022 nearly doubled to $105.3 million, representing a 52.2% gross margin

This past week: Nationwide protests, the falling peso, land redistribution, Ecopetrol, Petro's pal Lula, Quintero's Hidroituango crisis, & more!

Perhaps the biggest concern is the perception of mixed messages between President Petro and Finance Minister Ocampo.