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The Central Bank reports the economy continues to demonstrate significant growth with a 6.2% increase in June 2024 compared to the same month in the previous year. This growth has resulted in an average annual expansion of 5.1% for the first half of 2024, positioning the country as the fastest-growing economy in Latin America during this period.
The growth occurred within a stable price environment, attributed to effective monetary and fiscal policies that helped navigate global economic risks, including high international interest rates and geopolitical uncertainties.
The Ministry of Economy announced that the inflation rate for June was 3.46% year over year. This inflation level is within the parameters set by the Central Bank (4%+/-1%).
According to the latest economic statistics, the underlying inflation rate was 3.98%, down...
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