Colombia | Colombia 2026: The Future Economy Is Shaped Today

Summary

The BBVA Forum 2025 projects a more stable global economy and a gradually recovering Colombian economy, driven by domestic demand, employment, and remittances. In the fiscal front, the discussion focuses on gradually broadening the tax base, reducing distortions, and enhancing the efficiency of public spending.

Key points

• Key points:
• The global economy remains resilient despite geopolitical tensions, tariffs, and disruptive U.S. policies, supported by AI adoption and more flexible monetary stances.
• In Colombia, domestic demand drives the recovery, with robust private consumption and a rebound in machinery investment, while construction remains weak.
• Employment and remittances strengthen household income, sustaining consumption alongside lower delinquency rates and expanding consumer credit.
• The fiscal front retains prominence, with emphasis on spending sustainability, efficient resource allocation, and a more balanced tax structure. Priority is given to a fiscal path aligned with permanent revenues, greater expenditure targeting, and coordination between national and local governments to reduce distortions.

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