Government in knock-out after regional elections

In the last quarter of 2023, a year-on-year growth of -0.3%, consistent with a growth of 1% for the whole year, and confirming the slowdown announced in previous months. On the political front, as polls indicated, there was a “punishment vote” in most of the country’s main departments and provinces. The latter is perceived as a significant blow to the government and the Historical Pact party. The effects of these electoral results have had an impact on the legislature.