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Colombia | Economic recovery and prospects 2022-2023. Colcob Forum.

Published on Thursday, March 3, 2022

Colombia | Economic recovery and prospects 2022-2023. Colcob Forum.

The Colombian economy grew by 10.6% annually, driven mainly by consumption. By 2022, robust growth is expected in the global economy. For Colombia, a more moderate recovery is expected to continue with high inflation and a contractionary interest rate.

Key points

  • Key points:
  • The global economy is in a phase of growth moderation, with high inflation and anticipated withdrawal of monetary stimulus.
  • The Colombian economy grew 10.6% annually in 2021 showing significant resilience.
  • Private and public consumption was the main driver of the economy in 2021.
  • Business confidence increased significantly, as they rapidly reduced their inventories and increased perceived demand.
  • We expect inflation to close 2022 close to 6% accompanied by a contractionary monetary policy.

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