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Economic recovery

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March 1, 2019

Colombia | 2018: Recovery underway but doubts surround investment

In annual terms, the Colombian economy grew 2.7% last year according to the information published yesterday by DANE (Departamento Administrativo Nacional de Estadística — Colombian National Administrative Department of Statistics). The data was published some days later than expected which, despite the arguments put forward…

February 11, 2019

A challenging environment for Latin America

Can economic policies contribute to the increase in demand? The scope for expansionary fiscal policies is limited, in some cases due to the high levels of debt and, in other cases, due to the need to comply with fiscal rules, or otherwise undermine their credibility.

February 8, 2019

Colombia | Between optimism and caution

We have given a series of presentations on our new forecasts to different kinds of audiences, and the faces that I saw in the audiences and the questions that they asked gave me a sense of optimism, albeit combined with a great deal of caution.

September 10, 2018

Colombia | Where are we now and where are we going? (30th National Congress of Exporters)

The Colombian economy made a healthy adjustment of its external variables in the wake of the oil shock. As a result, the impact on Colombia of increased risk aversion in emerging countries has been controlled. However, the great challenge for the economy going forward is to increase productivity, reactivate productive inves…

August 15, 2018

Colombia | GDP growth second quarter 2018

In the second quarter the economy grew by 2.5% (adjusted for seasonality and business days), close to the 2.6% posted for the first quarter. Activity was stimulated by the hiring of professional and scientific services (7.6% annually), the public sector (4.8%) and agro (4.7%). Industry figures foreshadow stronger private co…

July 25, 2018

Colombia | Economic recovery underway

This week we present our growth forecasts for the Colombian economy for the remainder of 2018 and 2019, where we show an ongoing recovery at a gradual pace.

July 25, 2018

Latin America Economic Outlook. Third quarter 2018

Latin America will grow 1.3% in 2018 and 2.1% in 2019, with considerable heterogeneity across countries. These forecasts are lower than the previous ones, mainly due to the revision of growth in Argentina and Brazil. This adjustment in the two countries could not be compensated by the upward revisions of growth in Mexico, C…

July 6, 2018

Colombia | Monetary policy on pause

At last week’s monetary policy meeting, the Banrep Board left the stable interest rate at 4.25% per annum and thus ended the cycle of rate cuts that began at the end of 2016, when it was 7.75%.