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Recession in the last year (slow economic growth), Impacts:, Causes: -…
Recession in the last year
(slow economic growth)
Political instability
Inflation in the past years (2021-2022)
Weakened post pandemic recovery
corruption
Reduction in GOVERNMENT investment
Unemployment rose
GDP falls
Decreased private firm investment
More decline in fishing and primary manufacturing sector, shortages due to weather
Decreased governmet revenue
Decreased purchasing power parity
Reduced investor confidence
El Niño (Natural disasters), as well as droughts
Less activity on the agricultural sector and fishing industry
Decreased inflation, and high IR
Poverty increased
High prices due to shortages
Impacts:
Causes: