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The nine years of the Free Trade Agreement with the United States have achieved great progress in trade and investment, consolidating the country as a very important trading partner for Colombia. For the future, the recovery of world trade and demand suggests that the best of the bilateral relationship is yet to come.
In the first quarter of 2021, GDP grew 1.0% compared to the same period of 2020 and had a significant increase of 2.9% compared to the previous quarter. The economic dynamics went from less to more, as at the beginning of the year it was affected by the confinements located in many cities of the country.
In this publication you will find, on a weekly basis, our selection of the most relevant news regarding financial regulation.
May 14, 2021
Peru | Central Bank will maintain strongly expansive policy stance for a prolonged period
The Board of the Central Bank decided to maintain the monetary policy rate at 0,25% in May. The Bank renewed its commitment to maintain a strongly expansive stance for a prolonged period and reaffirmed its message of absence of inflationary pressures.
World trade has recovered to a new all-time high after the confrontations between the United States and China, protectionism, and the pandemic. The recovery is mainly driven by the United States, retaking its leadership in global growth, and driving global growth, particularly for Colombia.