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Santiago Vargas Cadena
Santiago Vargas Cadena

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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.