Growth has decelerated
Tax revenues are low
The rule of law can be improved
Informality is widespread
Rapid economic growth was accompanied by notable social progress
Convergence has been slow and many lack basic public services
Structural reforms would lift growth and incomes substantially
Economic activity slowed down early 2023 amid social conflict and severe weather
The current account widened amid deteriorating terms of trade
Headline, core and inflation expectations are declining but remain above target