Searcher

Published on Friday, October 18, 2019

Colombia continues to recover with few external tailwinds

The Colombian economy will continue to consolidate its growth at a slow pace, in a context of strong external headwinds. Globally, our growth forecasts have declined for some of our trading partners due to a more negative external environment.

Key points

  • Key points:
  • For 2020, the growth of the economies of the United States, the Eurozone, Mexico and China is expected to slow.
  • For 2020, private consumption will continue supporting activity, though moderating somewhat its momentum.
  • The deterioration of the labour market puts a ceiling on more dynamic expansions of consumption in 2020.
  • Investment in machinery and equipment and in civil works will continue to grow well and contribute to growth.
  • We anticipate weak export performance due to lower growth in trading partners, low commodity prices, and our limited ability to massively materialize exchange rate devaluation into higher exports.

Geographies

Topics

Has this information been useful?

New comment

Be the first one to add a comment

Load more

You may also be interested in