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Andres Felipe Medina Grass
Andres Felipe Medina Grass
BBVA Research - Senior Economist

Andrés Felipe Works as a Senior Economist at BBVA research. He manages macroeconomic  topics such as External sector, labor market and so on.

Andrés Felipe possess a degree in economics from Universidad Nacional de Colombia – Sede Bogotá and is currently studing a Master in economics and Economic development in the same University.

His labor experience relates to private sector, Colombia´s central bank and Departamento Nacional de Planeación. In the Latter, he contributed in the methodologic hardening of a Public spend evaluation tool.

Latest publications

In 2024, remittances in dollars grew by 17.7%, accumulating 6,634 million between January and July. However, this growth was lower in Colombian pesos due to a lower exchange rate. The depreciation of the exchange rate in the second half of the year is expected to further boost their value in pesos.
In the second quarter of 2024, the current account deficit stood at 1.6% of GDP, the lowest level since 2009. FDI fell to 2.75% of GDP, though it was sufficient to finance the deficit. The deficit is expected to close 2024 at around 3% of GDP.
In Q2 2024, fixed investment in Colombia grew by 4.3% year-on-year, breaking a streak of five consecutive quarters of contraction and indicating that it is gradually beginning to recover its role as a key driver in the economy.