A Check on Petro's Economy Two Years In
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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)
I'm going to challenge some of these things, from my viewpoint of "semi-informed gringo". Es decir, "I am not DEEPLY aware of Colombia's sociopolitical and economic stats, but I know what I see, feel, and experience on a daily basis".
Maybe other people can chime in as well, and contextualize the original post.
"Inflation came to a screeching halt in August 2024 to ZERO %"
"Petro has made reductions in inflation, a feat not seen for 100 years, from the rate of inflation that the Duque administration left Petro."
How is this possible, if the prices are required to go up 6% every year? Every year my rent has gone up, and basically now I am paying Estrato 5 prices for a "barely Estrato 4" apartment.
"Colombian tourism sector is yielding more profits now than the carbon mining sector!"
How much of this is due to sex tourism, the very thing that many mayors have "vowed" to stamp out?
"The Colombian congress supports Petro's initiatives which bring foreign investors to Colombia and strengthen the Colombian economy."
How is this possible, when foreigners can't even rent an apartment without having an army of cosigners (even if we offer 6 months rent up-front)? That is, assuming we can even FIND decent budget-friendly apartment bigger than a closet, in a safe part of town.
Also - and this is arguably more important - he has made getting visas 10x MORE DIFFICULT now, likely as a poorly-concieved knee-jerk reaction to the few criminals/traffickers from overseas. Why did he do this, instead of approaching the problem more sensibly, with precision?
One more thing. What's he doing to address the obvious classism, colorism, and racism that is endemic in the culture, but which is extremely evident in the North (Caribbean) Coast... issues which disenfranchise and ostracize entire swathes of the population... INCLUDING black and brown foreigners (who have money to spend)?
"Petro has encouraged hundreds of projects related to energy."
Are his efforts limited to San Andreas, the most expensive part of Colombia (if we even count San Andreas as being part of Colombia)? Why is he ignoring the North (Caribbean) Coast, where we get TONS of harsh raw powerful sunlight and yet we're paying the HIGHEST costs for electricity in the WHOLE COUNTRY?
Someone help me understand these things. Because from where I am sitting, things are getting worse, not better ("2 steps forward, 1 step back").
Then again, if the original post really meant,
- "Things are getting better for upper-class Colombians only, f*ck brown/black Colombians and f*ck foreigners",
- "This is all relative... that is, things would have been worse under a different President"
...then someone please say so. If so, then my questions are irrelevant (or less relevant) 🤷🏾♂️
The OP instead of trying to convince us, should direct his propaganda efforts at the Colombian people, who aren't buying it...everything costs more, there is more crime and more guerilla activity, their health systems are threatened, nothing is getting better only worse...
@ChineduOpara ... the IPC (index of consumer prices) in August 2024 registered 0% change from July 2024, zero inflation. That does not mean there is zero annual inflation in Colombia, just that things didn't change last month. You can confirm this by going to DANE at: www (dot) dane (dot) gov (dot) co It is objective data, not my propaganda.
I was with thousands of people in Plaza Bolivar today. They were supporting the Pension Reform and were shouting "Petro amigo, el pueblo está contigo" (which translates roughly to: "Petro we got your back dude"
Petro confirmed the ultra-right's plan to kill Petro or remove him from office within the next three months. The United States ambassador to Colombia confirmed that the assassination/overthrow plans are indeed real, not Petro's imagination. Petro is unafraid; Positive changes are happening and he has the support of the majority of the Colombian people who elected him by popular vote.
This OP is hilariously posting disinformation. Most of the claims are without merit. Just because someone is in office, doesn't mean their policies are affecting the outcome. Normally, it takes a good 1-2 years to see a government policy come to fruition, even after it is passed...if it gets passed. In Colombia, if the administration's policy is voted or approved by Congress in 2 years, it gets kicked out.
The first thing to note is the DANE report. This is the best part:
Note in all of the Petroski's references to the DANE report (I'm looking at the report that ends data in July 2024 https://www.dane.gov.co/files/operacion … ul2024.pdf), he had to reference July's report. WHY? Because, if he had referred to June's data, or March's data, the numbers negatively reflect what he calls Petro's positive changes. One month of positive data doesn't reflect the norm.
And take a look at Graph 7. In mid 2022, before Petro's proposals could take effect, the year to year growth was over 8%!!!! It's been dropping ever since!!! You can't just pick one month of good data, without looking at long term numbers.
This is like saying Trump led the markets to lose 40% over his time in office...when there was a Pandemic. Or saying Biden created 5 million jobs, when those jobs were the same jobs lost during the Pandemic. While technically correct, it's disinformation.
Foreign investment is not increasing. Most investors are still holding back. There are no indications that this is increasing and many financial reports say the opposite (i.e. Forbes).
Tourism is increasing in all of the Latin American countries, especially after everyone was locked up for a year. Brazil and Argentina have higher numbers and higher growth. Colombia does have an advantage in that it's the closest country (mostly due to the fact that Cartagena is on the northern coast) to the US and Canada, and has relatively cheap flights.
Petro is paranoid: from Reuters: "Petro did not explain who or what the Dubai-based criminal group was, and intelligence sources said they did not have information of the planned attack."
While there were many pro Petro manifestations yesterday for congress passing the administration's first proposal, just last week the country was shutdown by truckers who blame Petro for rising Diesel prices. So, ya...pick your points without selling the whole data.
. the IPC (index of consumer prices) in August 2024 registered 0% change from July 2024, zero inflation. That does not mean there is zero annual inflation in Colombia, just that things didn't change last month. You can confirm this by going to DANE at: www (dot) dane (dot) gov (dot) co It is objective data, not my propaganda.
Exactly which of Petro's proposals or executive decisions led to the zero month to month inflation? What proposals or policies led to the lowering inflation rate? With ALL countries (except those leaning socialist) inflation dropping, exactly what did Petro do to lower inflation in Colombia that the other countries didn't do? Why is Argentina's inflation rate dropping faster? Why are Peru's and Ecuador's annual inflation rates lower than Colombia?
Inflation rates fall when government reduces the printing of money. Petro hasn't been able to pass many of his proposals, so government spending hasn't increased like that in the past. So, inflation drops.
@mtbe well I hope inflation rate.does go down here like it has elsewhere because its been brutal the last 2 years
In just one year Petro reduced the rate of infant mortality due to malnutrition by 50%. Why couldn't the "Uribista" governments do that?
Flat out false and misleading:
From Colombiaone.com:
"The number of children under five who died from malnutrition in the country between 2022 and 2024 has dropped by 30.9 percent, according to a report by the Colombian Institute of Family Welfare (ICBF), the state agency in charge of child care and prevention."
So, the value is 30.9%, not 50%...and not over one year. But this number doesn't tell the real story. The value should be based on number per 1000 births (or children), not just based on the number of deaths due to malnutrition. The article from Colombiaone only states the number of deaths due to malnutrition as 150 for the first 7 months in 2024, and compares that number to that of same number of months in 2022 and 2023. But, we also need to know the number of births for those same periods. If the number of births dropped, then the number of deaths per 1000 would increase.
Studies, and those that want to misdirect, play with the numbers like this all the time to show their 'proof' to their gullible readers.
Extremely misleading.
In another paper (https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9048577/), it shows the mortality rate from mal or under nutrition fell from 14.8 per 1000 in 2009 to 6.8 per 1000 in 2017. So, the value has been falling greatly over the last 20+ years....well before Petro.
I was with thousands of people in Plaza Bolivar today. They were supporting the Pension Reform and were shouting "Petro amigo, el pueblo está contigo" (which translates roughly to: "Petro we got your back dude"
You joining the thousands of people in Plaza Bolivar this Sunday to denounce the crimes and crookedness of Petro?
... because Petro is a respected international leader in the global transition to renewable energy.
-@futuroexpat
Petro isn't even respected in Colombia as transitioning to renewable energy. He attacked the Hidroituango damn construction...considered to become 17% of the nation's energy, and completely renewable...when the wind isn't blowing and when the sun doesn't shine. His petty reasoning is because it's in Antioquia...a bastion of critics of Petro.
His reasoning is that it should be placed in the poorer regions of Colombia. But what he doesn't realize is electrical energy is the most efficient method to transfer energy. The power that is made by this damn may provide power to the more wealthy region, but the remaining power is still available for the poorer regions, just like it is now. This will lower the cost, or at least keep the increase of costs low, for everyone in the country.
How petty.
@mtbe well I hope inflation rate.does go down here like it has elsewhere because its been brutal the last 2 years
-@nico peligro
It's coming down. The COVID spending is finally filtering through the system and things are returning to 'normal'. Most countries inflation is dropping because of this. It's not solely Colombia, nor anything the current administration has done that other countries have not.
You ask how is/has Petro done? Simple answer is check his abysmal approval rating by Colombian people.
Enough said!
You ask how is/has Petro done? Simple answer is check his abysmal approval rating by Colombian people.
Enough said!
-@South American Voyager
Preemptive apology to any Colombians reading this message. I am not "attacking" you at all, I am just using some sincere/strong language to express how I feel right now.
---------------------------
@South American Voyager While I'm quite skeptical about the OP's claims - as you can see in my long response, which still hasn't gotten a real answer, BTW - I don't agree that the Colombian people's ratings are an accurate reflection of Petro's policies. After all, let's be 100% honest here, most of the population are either Low-IQ/Low-Information and lack Critical Thinking skills, or they are Upper Class / Elite Colombians whose best interests are almost never in line with those of the Common Folk (and sometimes THEY lack Critical Thinking skills too... thinking short-term, selfishly, and with ONLY their wallets/bank accounts).
---------------------------
Again, apologies to any Colombian who read the above message... I'm not attacking anyone, I am just expressing what I have seen and experienced since 2022.
Ratings may not be accurate, but they are repeatable, and can be a good tool for comparison of administrations over the years.
Accurate means it is hitting dead center of the target. Repeatable means that it is hitting the same place of the target, just not dead center.
@ChineduOpara - Since you mentioned IQ I did a quick research and found these country averages for IQ of the general population, I believe this study is from 2022:
Japan has the highest average IQ in the world at 106.48 (many Asian countries along the same lines eg Taiwan, etc.)
USA sits at 97.43
Colombia 83.13
Haiti 82.10
Honduras 62.16
Guatemala 47.72
At the or near the bottom of the IQ country lists are just about all the South African countries
So how does this factor into how Colombians rating the Presidents Petro satisfaction is anyone's guess, I just know my real life long friends both from Medellin and Bogota, from estrato 2, 4 and 6 socioeconomic backgrounds would spit at Petro given the chance.
Petro is leading Colombia in the right direction. Colombia ranks as the sixth-best economy among member countries of the Organization for Economic Co-operation and Development (OECD) in 2024, according to a ranking by the British magazine The Economist. Spain tops the list, followed by Ireland, Denmark, Greece, and Italy. Estonia ranks last among the 37 nations evaluated.
Colombia placed ahead of Israel, Switzerland, United States, UK, Mexico, Chile, and Germany... Colombia ranked ahead of 32 of the 37 OECD members. The Economist ranking is based on objective criteria and highlights Colombia's strong performance under the capable economic management of President Petro in five key indicators: economic growth, inflation, stock market performance, unemployment reduction, and fiscal balance.
The criticisms of Petro are not based on fact. The fact is Petro is improving life for the Colombian people, including people in Choco, Guajira, Cauca, and areas of Colombia which never saw an official presence (other than aerial bombardment and spraying) during previous administrations. Petro is going after dissident guerrilla groups and drug traffickers, intercepting drug shipments, arresting drug dealers, recovering children who were forcibly recruited into guerrilla groups. Petro is working on lowering costs of food and electricity for all Colombians by lowering inflation.
The Economist highlights Colombia’s reduction in core inflation. In November 2024, the Consumer Price Index (CPI) stood at 5.2%, continuing a steady decline throughout the year. Colombia began 2024 with an inflation rate of 9.28%. President Petro has improved Colombia through wise policies providing economic stability.
Get out of the big cities and you will see Petro has extensive popular support... majority support greater than he had two years ago.
================================
Diana Carolina Corcho for President 2026 (Former Minister of Health and Social Protection of Colombia and Colombia's First Woman President)
Nothing is more central to human nature than complaining about the Government and criticizing current leadership based on "how I feel" or long-held but simplistic beliefs (like "socialism" is going to destroy us). I suppose that such complaints echo through all of the national economies studied by The Economist. My long-held belief is that it makes sense to pay attention to things said by intelligent and respected objective sources like The Economist. There are legitimate arguments about why Colombia is ranked so high. But it is.
@jstrain ... I agree. The Economist has a track record of independent journalism having started publication in 1843!
Nothing is more central to human nature than complaining about the Government and criticizing current leadership based on "how I feel" or long-held but simplistic beliefs (like "socialism" is going to destroy us). I suppose that such complaints echo through all of the national economies studied by The Economist. My long-held belief is that it makes sense to pay attention to things said by intelligent and respected objective sources like The Economist. There are legitimate arguments about why Colombia is ranked so high. But it is. - @jstrain
I've been saying these things for a while. People should research the objective, proven statistics and think outside their little bubble of personal experiences and anecdotes. Yet, they just cannot help themselves (both expats and locals alike)... they only point to Petro's violent acts in his history, parrot right-wing talking points, and "Socialism = BAD". Especially those Colombians that have never left their town/region/country, nor do they use the internet to research anything useful... they simply cannot imagine how complex the world - especially geopolitics and macroeconomics - can be. The narrow-mindedness is REAL.
It got quite frustrating, so I stopped engaging people on this topic... let them think whatever they want.
Unfortunately, this has made my social isolation here in Barranquilla (north coast) near-complete. I still have a few months before my apartment lease ends, so I am just "hanging in there" till I can relocate to a better region (Cali outskirts - or if push comes to shove - Medellin outskirts). Por lo que veo, there are at least a few more educated and open-minded people in those parts of the country.
So anyway... it's so rare to find a voice of reason like yours in the expat community, so thank you for posting this.
Socislism is great.
Thats why all the Venezuelans are coming here, there and everywhere spreading their massive Magic Money Tree wealth around. They want to share the socialist largresse everywhere with everyone.
@jstrain
The Economist? You mean the ones who in the 80s predicted oil would go to $20 a barrel and stay there for 50 years?
More bad predictions than Al Gore.
The Economist is far from independent and is definitely left leaning. https://www.allsides.com/news-source/economist
"The Economist ranking is based on objective criteria" is completely misleading. The Economist is far from objective. They've been wrong on so many levels it's laughable.
Plus, it only looks at year over year changes. So, those countries that were already strong and still growing, albeit at a slower rate year over year, are lower down the list.
Just to be sure, The Economist ranked Greece as the number one economy in 2023. Greece is so far in debt it will never get out unless it votes in a Milei type Libertarian.
The narrow-mindedness is REAL.
It got quite frustrating, so I stopped engaging people on this topic... let them think whatever they want.
Unfortunately, this has made my social isolation here in Barranquilla (north coast) near-complete. I still have a few months before my apartment lease ends, so I am just "hanging in there" till I can relocate to a better region (Cali outskirts - or if push comes to shove - Medellin outskirts). Por lo que veo, there are at least a few more educated and open-minded people in those parts of the country.
So anyway... it's so rare to find a voice of reason like yours in the expat community, so thank you for posting this.
- @ChineduOpara
You claim marrow-mindedness is real, yet you are the one that stopped engaging. Internalizing one's own narrow mindedness.
If you want to avoid those narrow minded people, don't go to Medellin. Find a nice place in Cali where you can be surrounded by like minded people.
Colombia is not as healthy as The Economist says it is:
Actual data: the GDP has fallen the last three quarters.
You claim marrow-mindedness is real, yet you are the one that stopped engaging. Internalizing one's own narrow mindedness.If you want to avoid those narrow minded people, don't go to Medellin. Find a nice place in Cali where you can be surrounded by like minded people. - @mtbe
Well, let's not get things twisted. I WAS engaging, and engaging a LOT... but then I stopped. I explained my reason for stopping, but let me try again in a more explicit manner:
I am tired.
I am old, frustrated, jaded, and tired of bashing my metaphorical head against the metaphorical wall of myopic and needlessly stubborn people for over a decade. I am 50 and nearing the grave (LOL)... I'd rather save what little energy I have left - "debate energy" and energy in general - for people who have some sort of global awareness, Critical Thinking skills, and are willing - like me - to set aside Pride, accept and process new information from verified sources.
Let the younger, more energetic kids take over the debating and trying to Change hearts and Minds. Me, I'm not gonna keep going down the path of mindless repetition leading to insanity. I'm literally done.
And your assumption of my relocation plans are 100% correct 👍🏽 I was always leaning very heavily to Cali outskirts, but I had "reserved" Medellin outskirts for a "miracle event" that makes me change my plans. After all, it doesn't hurt to have a Plan B and keep an open mind 🤷🏽♂️
Funny I am almost 20 years older than you and have a way more positive, youthful outlook on life.
Funny I am almost 20 years older than you and have a way more positive, youthful outlook on life. - @nico peligro
And I am *almost* another 20 years older than you, and share your positive outlook. I will add, an attitude of gratitude also helps keep you on track and functioning. Also engagement with the locals be it good or bad, for better and for worse, helps you keep a proper perspective.
@ ChineduOpara - You got to read the book One Hundred Years of Solitude" Gabriel García Márquez and then watch the Netflix series just released a few days ago.
As I read your posts, both these on this thread and others, where you show signs of isolation (perhaps self imposed) with hints of being seemingly haunted by past decisions you are one and the same to the fictional Buendía family in Macondo, and how fittingly so that your in Barranquilla which is near the location where this mystical realism village is purported to be, the similarities are uncanny.
"The biggest and most obvious theme of One Hundred Years of Solitude is that of memory and the past. The characters in this story are haunted by past decisions, and several times over the course of the novel, the past events overwhelm the present, For Colonel Aureliano Buendia, solitude is an escape from the mistakes and failures of his past. In his solitude, he attempts to erase all ........"
You got to read the novel then watch the Netflix series and hope you can find some measure of peace in this life and forgive/forget the ghosts of the past that haunt you and all of us for that matter.
Funny I am almost 20 years older than you and have a way more positive, youthful outlook on life. - @nico peligro
That's very nice. I've met several people who share same sentiment. The reality is that each individual on Earth experiences life differently, often not due specifically to their own conscious choices, but how they are treated by other humans based on immutable characteristics. So, after 50 years (for example), two individuals who started with the same levels of Optimism and Hope, might end up in completely opposite ends of said Life Experience spectrum...
@ ChineduOpara - You got to read the book One Hundred Years of Solitude" Gabriel García Márquez and then watch the Netflix series just released a few days ago.
As I read your posts, both these on this thread and others, where you show signs of isolation (perhaps self imposed) with hints of being seemingly haunted by past decisions you are one and the same to the fictional Buendía family in Macondo, and how fittingly so that your in Barranquilla which is near the location where this mystical realism village is purported to be, the similarities are uncanny.
"The biggest and most obvious theme of One Hundred Years of Solitude is that of memory and the past. The characters in this story are haunted by past decisions, and several times over the course of the novel, the past events overwhelm the present, For Colonel Aureliano Buendia, solitude is an escape from the mistakes and failures of his past. In his solitude, he attempts to erase all ........"
You got to read the novel then watch the Netflix series and hope you can find some measure of peace in this life and forgive/forget the ghosts of the past that haunt you and all of us for that matter. - @South American Voyager
Yes, SOME (maybe 25%) of my isolation is intentional and self-imposed, as a sort of defense mechanism to avoid more abuse, mistreatment, and disappointment.
"100 years of Solitude"... I've been seeing commercials for that series, and it's already in my Netflix queue... so maybe it's time to check it out. Thank you for the reminder and recommendation 👍🏽
@mtbe ... You should not mention Milei and Petro in the same post. Milei is destroying Argentina's economy.
BUENOS AIRES, Dec 12 (Reuters) - Argentina's economy is expected to have contracted 2.6% in the third quarter of 2024 versus a year earlier, the sixth straight such decline.
That is a NEGATIVE economic growth in Argentina, declining by 2.6% under Milei.
Under Petro Colombia's GDP will grow by 2.0% in 2024, accelerating to 2.8% in 2025 and 3.5% in 2026, driven mainly by domestic demand, according the BBVA Research.
That is a POSITIVE economic growth in Colombia, making the difference between Argentina and Colombia around 4.6%.
Not a good comparison for Milei. Terrible for Argentina. Not even close to Petro's superior economic leadership.
@futuroexpat: Now you're just trolling ...
Milei is hardly destroying their economy. There is no doubt that Argentina will struggle for a bit longer. It's not easy to turn around a country whose government has outspent income and printed money for the past 123 years. Milei has only been in office one year and has already eliminated the deficit. Inflation is dropping fast, and he's not done yet.
Selective numbers from one quarter over quarter (or over the last 6 quarters) is not an indicator of what is to come. Again, Argentina was in huge trouble before Milei and it will take some time for them to adjust. Ripping off a bandaid comes with temporary pain.
Just to be sure:
BBVA on Argentina: After the end of recession in 2Q 2024, economic activity showed better-than-expected performance in 3Q 2024, with an incipient recovery in real wages. As a result, GDP is expected to decline by 3.8% this year, followed by a recovery of up to 5.5% in 2025, driven by private consumption and investment.
Wow....look at that! A 5.5% GDP expected in 2025 for Argentina! What is Colombia's expected GDP?
BBVA on Colombia: Colombia’s GDP will grow by 2.0% in 2024, accelerating to 2.8% in 2025 and 3.5% in 2026, driven mainly by domestic demand. The current account deficit, meanwhile, will be 2.9% of GDP in 2024 and will widen to 3.5% in 2025 and 3.8% in 2026. The unemployment rate will rise to 10.2% in 2024.
This is not even close to good economic leadership when the other S. American countries have similar numbers.
So: Argentina, under Milei's superior economic leadership, will have decreased their inflation rate by 75+% by the end of the year with expected GDP to 5.5% next year, and eliminated the deficit.
Petro, on the other hand, is growing the deficit and can't get a tax reform passed in congress. Great leadership there!
Even more amazing what Petro has accomplished when congress will not even pass a budget to fund national goals for all of Colombia. But that will boomerang back on the party that would not pass a national budget.
Your argument on Argentina is based on future projections which may not happen. I cited current actual negative growth for Argentina versus current actual positive growth for Petro’s Colombia.
Even more amazing what Petro has accomplished when congress will not even pass a budget to fund national goals for all of Colombia. But that will boomerang back on the party that would not pass a national budget.
Your argument on Argentina is based on future projections which may not happen. I cited current actual negative growth for Argentina versus current actual positive growth for Petro’s Colombia. - @futuroexpat
Congress didn't pass the budget because it was a huge tax on the middle class. It would have been detrimental to ALL of Colombia. Something Petro didn't consider, or doesn't understand, even with an economist education. He just wants to grow the government, making the people more dependent on it. Thankfully, Colombia is a democracy.
Yes, future projections by financial institutions and media that may not happen. War could break out. Another Virus could shut the economy down. Those would effect Colombia, and all other countries, as well. Looking at the economic charts of Argentina, even if they don't make those projections, they've made a huge leap forward.
A big part of economies are their propensity. And Argentina has a lot going for it under Milei.
These comments are all a bunch of noise, mine included so lets look at the respective approval ratings shall we.............
PETRO sits at 26% - even my good Colombian paisa friend (a strata 2 left leaning Manrique/Medellin university educated progressive lib) who voted for him would today spit on him given the chance.
US President Biden sits at 34%
Canadian PM Justin Trudeau its at 26%
Argentina President Milei sits at 47%
Colombians next door President Maduro rating is at a reported all time high of 110% - hehehehe
Just came across this news article, seems straightforward enough.
This Thursday, just over a week before the end of 2024, the results of the last Invamer Poll poll of the year were known. The poll reveals that President Gustavo Petro's disapproval is 60 percent, a percentage point less than last October, when it reached 61 percent. That is, at least three out of five Colombians cut the management of the first president.
The survey shows that the highest levels of Petro disapproval are concentrated in Medellín (77 %) and Bucaramanga (75 %), while their favorability is higher in Barranquilla (50 %) and Cali (44 %). In addition, it has greater approval among 18-24 year olds (46 per cent) and layers 1 and 2 (37 %).
On the other hand, 67 % consider that things in Colombia are getting worse, 3 percent more than compared to last October. In contrast, only 23 per cent, almost one in four Colombians believe things are getting better.
Public order and unemployment or the economy are the main problems that Colombia currently has, according to 27 percent of respondents. In addition, for 82 per cent, the country is worsening in insecurity. Another 80 per cent claim for the cost of living, 74 per cent for corruption and 70 per cent for quality and health coverage.
In addition, 43 per cent consider that the country is worsening in the face of the quality and coverage of education, 40 per cent compared to support for the capo and agriculture, and 45 per cent about the construction of popular housing.
Finally, for 64 % the total peace project of President Gustavo Petro's government is on the wrong track, while only 27 per cent consider it on the right track.
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- I Speak Colombian ? Words And Phrases That Will Help You Better Understand Colombia
Probably the best thing about speaking Spanish in Colombia is that you can don’t have to really learn the ...