María Paula Castañeda
María Paula Castañeda is an economist at the BBVA Research Colombia Unit, where she began her career as a university intern and is responsible for analyzing economy-wide prices.
She is currently studying for a Master's degree in economic theory at Universidad Javeriana, where she qualified as an economist in 2019 and worked as a research assistant on behavioral economics and financial analysis projects.
There are 29m Internet users in Colombia, however the use of digital banking is still low but growing. There are access gaps between rural and urban and income levels. In businesses, there is a significant gap in the use of ICTs by the size of the business, smaller business argue they don’t find a benefit in them.
Economic growth will continue to be led by investment in view of the expected stabilisation in consumption spending. We estimate GDP growth in 2019 and 2020 will be at 3.0% each year and inflation at 3.3% and 3.2%, respectively. The Central Bank will keep its interest rates stable for a long time.