According to analysis by Investiga with data from DANE, household final consumption expenditure maintains its participation in GDP at historical highs of 77%, that is, the participation is broad. This, in addition to a recovery in said spending, generated improvements in consumption in commerce at the end of 2024 and foresees a similar behavior during 2025. The above is a consequence of a gradual reduction in prices and the cost of borrowing.
“Some challenges that entrepreneurs face for 2025 in our department. Of course there is security, it is a great challenge that exists not only in Antioquia but at the national level; There is also the mobility, infrastructure and competitiveness of Medellín connected with the rest of the department; and there are the regulations and taxes regarding the increase in the minimum wage of 9.54% that will mean an increase in the costs of companies, this is a very high barrier to formality and will especially affect the country’s MSMEs,” said the executive director of Fenalco Antioquia, María José Bernal Gaviria.
On the other hand, the main macroeconomic variables are expected to close as follows: economic growth at around 1.8%, inflation of 5.2% and a monetary policy rate, which the Bank of the Republic set on December 20, 2024 at 9.50%, 25 basis points less than expected.
The years 2023 and 2024 have brought great challenges for trade, reflected in a negative variation of the Gross Domestic Product -GDP-, of this economic activity of 2.7% for 2023, and a positive variation of 2.3% accumulated to the third quarter from 2024. Activities such as agriculture, livestock, forestry and fishing; public administration and defense; and arts, entertainment and recreation, grew until September 2024 by 8.9%, 5.3% and 10.6%, respectively.
“We were in the economic perspectives for 2025 that will lead us to determine and make decisions to increase our sales and our performance. We have seen how the figures can affect trade, especially in infrastructure, education and others, and where we can divert our new sales and marketing strategies,” said the manager of Macrollantas, Hernando Echeverri Montoya.
Economic activities such as health, agribusiness, entertainment and recreation are expected to continue growing this coming year, as well as the technology, household goods, appliances and furniture sectors. In contrast, sectors such as clothing and footwear, construction materials and hardware, and manufacturing activity will continue to represent an economic challenge for the country, the study concluded.
“; n.innerHTML = “window._taboola = window._taboola || [];_taboola.push({mode:’alternating-thumbnails-a’, container:’taboola-below-article-thumbnails’, placement:’Below Article Thumbnails’, target_type: ‘mix’});”; insertAfter(t, e); insertAfter(n, t) } injectWidgetByMarker(‘tbmarker’);