Colombia | Colombia's economy: the comeback continues

Summary

Colombia's economy shows signs of recovery in the third quarter of 2024, with progress in key sectors like housing, exports, and manufacturing. Although challenges remain in industry and investment, the country continues on a path of gradual recovery.

Key points

• Key points:
• The 14.8% increase in manufacturing exports and the 13.9% rise in agricultural and food exports show that external demand continues to support economic recovery.
• The 2.0% growth in manufacturing in July marked a turning point, though structural limitations still hinder its consolidation.
• The decline in freight transport and lower commercial electricity demand in August highlight that production and investment levels remain low in the economy, although better than a few months ago.

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