The latest economic figures managed by the Central Bank and the projections towards the end of the year make that entity think that the country is finally changing course and no longer free falling in economic indicators.
The entity issued an analysis of these indicators on Tuesday afternoon and determined that the Monthly Economic Activity Index (IMAE) already shows a sufficient trend to say that the recovery began.
It already shows four months of recovery, the economy seems to have reached the lowest point in May and as of June it began to recover both in terms of acceleration and the annual growth rate… The trend allows us to see that we are in the process of recovery,”
said the president of the Central Bank, Rodrigo Cubero.
Although the variation of the last 12 months continues to show a negative trend, there are indicators such as the acceleration rate that already show positive numbers, as well as the interannual rate that already shows a change in the trend.
By contrasting this data with information on imports for the past few months, hopes that the IMAE will grow in lagging areas such as trade are greater. This is because imports on final consumption increased from an average growth of just 0.3% between July and September, to more than 1% at the end of the month.
The negative point is still the unemployment situation where the hierarchy of the issuing entity did show its concern that the labor market is not strengthening. The conclusion dwelves on the fact that unemployment is higher than a year ago, and at the same time the participation rate has been maintained; that is, people are interested in getting a job. This means that the positions needed to meet population growth are not being generated.