Olga Serna is Principal Economist in the Colombian BBVA Research team, in charge of monitoring and analyzing strategic regulatory developments.
She holds a BSc in Finance and International Affairs from Externado de Colombia University, a graduate study in Actuarial Science from the Nacional de Colombia University, and an MBA from the New York University.
Previously, she worked at the Colombian Resolution and Deposit Insurance Authority (Fogafin) as Head of the Deposit Insurance System leading a group of experts in banking and financial stability.
The Colombian economy will continue to show resilience in a context of greater global uncertainty, more contractionary monetary policies and strong upward pressures on inflation. We expect the economy to grow 4.5% in 2022 and 2.5% in 2023, driven by domestic demand and exports.
The Colombian economy will grow 4.0% in 2022 and 2.8% in 2023, with inflation pressures that will gradually moderate from the second half of this year. The monetary policy intervention rate will turn contractionary in mid-2022. The great challenge for the economy is to increase formal employment and generate more savings.
Colombia's GDP will grow 9.2% in 2021, led by domestic demand, and 4.0% in 2022, with improved export performance. In the remainder of 2021 and in 2022, external and local pressures on inflation will remain. Banco de la República started its rate hike cycle.