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En Colombia, la demanda interna y la conyuntura externa han presionado al alza la inflación. La respuesta del Banco de la República, mediante la subida de tasas, apunta a una desaceleración saludable de la economía en 2023 y una recuperación en 2024. El consumo y el gasto público determinrán el crecimiento sectorial.
At the end of 2021, Construction grew faster than the economy, facing a strong increase in input prices, it is expected that in 2022 it will grow, driven by Civil Works. The mortgage market continues to advance but at a more moderate pace for this year.
In the middle of this year 2021, official figures show strong growth in the construction sector, an annual rate of 9.5%. A strong advance was to be expected in 2Q21, given that a year earlier the sector contracted more than 20%.
The COVID-19 pandemic caused the real estate market to collapse and led to a substantial change in the interests of the different players. Although housing prices fell significantly, demand is still very weak.
Interest rates cushion mortgage market contraction in most states. Ten years in which mortgage credit has flowed, but there is still much to do.
We are currently in the midst of the worst economic crisis that Mexico has experienced in modern times. This has resulted in the sharpest declines in history and deeper impacts than those seen in 1995. Construction is not exempt, and the economic depression that the sector has been experiencing since 2018 has worsened.
The mortgage burden is low, but should increase in 2020. FIBRAs and the real estate market in Mexico. Mortgage sector contractions in Mexico.
We have just done our forecasting exercise for the global economy and the Colombian economy, and we are seeing the glass get a little fuller. We do not see a world with spectacular growth, but we do see a world in which uncertainty is less than it was a few months ago, allowing world growth to stabilize.