Andres Felipe Medina Grass
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.
In the third quarter, the current account deficit continued to narrow and reached 1.68 billion dollars, representing 1.7% of GDP. Nevertheless, the reasons for this closing are not as good as others: they respond to the process of contraction that domestic demand has undergone so far this year.
In the third quarter, the current account deficit continued to close rapidly at 1.7% of GDP and continued to reflect the slowdown in the economy's domestic demand.
The Colombian economy will grow 1.5% in 2024 and 2.3% in 2025. Private consumption, in the same two years, will grow at rates of 2.2% and 3.0%, respectively. And fixed investment will move from negative (-2.0% in 2024) to positive figures (6.2% in 2025).