Economic recovery latest publications
The economic challenges for President Duque's remaining term are great and urgent, given the need to provide welfare for those who have lost their jobs and sources of income to the virus. Although the Government has acted swiftly to reach the most vulnerable, recovery measures need to be expedited.
The economic situation that the world is facing is different from what we have experienced in the last 70 years. In this crisis, the Colombian financial system entered with strong capital and liquidity positions, which has allowed it to absorb the shock and serve as an instrument for the implementation of public policies.
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…
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.
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…
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…
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.