The country's economy is affected by a liquidity deficit and a significant contraction in consumption. This scenario has accelerated following the recent loss of Investment Grade by Fitch Ratings on March 28.
According to René Quevedo, a business advisor, Black Weekend 2024 has been a clear example of the decrease in consumption, evidencing that the population is limiting its spending. This fact is a symptom that the current economic situation is not the most favorable, reflecting a lack of confidence in the market and its short-term prospects.
In Quevedo's words, "the liquidity and consumption problems in the country cannot be resolved if concrete and effective measures are not taken. It is necessary to implement strategies that encourage economic activity and foster investment; otherwise, the situation could worsen."
In light of this panorama, it is crucial that economic and business authorities work hand in hand to find solutions that allow reversing this negative trend. The recovery of consumer confidence and the generation of greater liquidity in the market are urgent aspects to be addressed in order to stabilize the country's economy.
