What is your assessment of the current economic cycle in the country? In 2017, gross domestic product grew by 1.8%, and in 2018 we are expecting growth of between 2.7% and 3%. In 2019 we are expecting between 3% and 3.5%, which is about our long-term economic potential. This is good news considering we have suffered from major economic shocks in the past years: the slump in oil prices, a major devaluation of the peso [which has lost 70% against the US dollar since mid-2014], combined with the introduction of a value-added tax by the previous government, as well as the troubles from neighbouring countries Venezuela and Ecuador.
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