Published on Wednesday, October 21, 2020 | Updated on Wednesday, October 28, 2020

Colombia Economic Outlook. Fourth Quarter 2020

The world will contract 2.9% in 2020 and rebound 5.4% in 2021. Colombia, after a contraction of 7.5% in 2020, will grow 5.5% in 2021. Private consumption and housing investment will lead the recovery. The economic policy will be key to consolidate the recovery and return to a poverty and informality improvement path.

Key points

  • Key points:
  • La pandemia determinó una caída sin precedentes en la actividad económica, especialmente en el componente de la inversión
  • El mejor comportamiento del consumo está impulsando la confianza de los empresarios, los cuales tienen perspectivas futuras más positivas

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