According to the Standard & Poor's report, the large investments in the country will boost growth in the short term, while the reforms in the pipeline could gradually improve future economic prospects. The rating agency projects a "solid" GDP growth in 2022 (+4.2%) as large investment projects are being developed (UPM and the Central Railway), of 2.9% by 2023, and then it would slow down to 2.5% for the period 2024-2025. For the agency, the "institutional strength" sustains the confidence of investors in the country despite the adverse economic and political events in the neighbors (Argentina and Brazil). Standard & Poor's expects the fiscal deficit to close the year at 2.8% of GDP from 4.4% in 2021. The agency warns that pressures may arise on the side of public spending due to the government's commitment to recover the loss of real wages that has been dragging since the outbreak of the pandemic.