2024-08-23 21:57:29
Finance Minister Mario Marcel expressed his optimism that GDP in the second half of the year would be slightly above 3%, leading to annual growth of 2.6%, as projected by the Executive.
The Minister of Finance, Mario Marcel remains optimistic that the projection of 2.6% growth will be met this yearafter the Gross Domestic Product (GDP) showed an increase of only 1.6% during the second quarter of the year.
The Secretary of State asserted that this slowdown in GDP was expected, and that “what has been happening until now is in line and consistent with a projection of 2.6%“.
After confirming that during the first half of the year economic activity grew by just over 2%, the head of the Treasury stated that “with this figure what we need in the second half is to grow a little over 3%, so that we are at the 2.6% that the Government has projected“.
“What has to happen is that (…) the economy It has to grow in the second half of the year at the same rate at which, on average, it grew during the first half of the year.“, Marcel pointed out.
The minister also said that in this context the authority must work so that “in the second half of the year some of the variables that are lagging are gaining in dynamism“.
The reasons for Minister Marcel’s optimism
Justifying his optimism despite the GDP figure, Mario Marcel said that “we particularly value this inflection in terms of gross fixed capital formation, which is also reflected in the activity of the construction sector, which in this quarter, compared to the previous quarter, had a positive variation after all the problems that this sector has had in recent years“, he explained.
As part of the work to achieve an increase in GDP in the second half of the year, the Secretary of State He asked to approve the Executive’s proposals on economic matters.
“We have been making progress in the discussion of several of them, So we hope that these figures will also help us to motivate parliamentarians so that we can move forward more quickly. in the processing of these projects,” he said.