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The nine years of the Free Trade Agreement with the United States have achieved great progress in trade and investment, consolidating the country as a very important trading partner for Colombia. For the future, the recovery of world trade and demand suggests that the best of the bilateral relationship is yet to come.
January 18, 2021
Now Asia is the region with the largest market in the world, surpassing North America
RCEP is a trade agreement between countries in Asia and Oceania, which forms the largest trading bloc in the world measured by its population, GDP and amount of international trade. The treaty was signed on November 15, but the ratification of each of the member countries is still pending.
Europe's economic situation is stabilizing following several quarters of deterioration caused by the uncertainties surrounding world trade and Brexit. It seems that there is chance of improvement and that the risk of recession has reduced.
I'm sure that you all know the story of the emperor who was told by a group of con artists that they would dress him in a suit that was invisible to stupid people. The trick took a long time to be revealed because the emperor, like many of his subjects, was reluctant to admit his own shortcomings despite the evidence.
For many months now, there have been doubts surrounding both the global and, in particular, the European economy, given the emergence of a potential trend towards lower growth. As with all cycle changes, uncertainty is high and medium-term forecasting is difficult.
One situation that is often used in works of fiction is the existence of an underlying, unresolved tension between two of the characters, let’s say dealing with feelings, which goes on to affect the development of the plot.
Official GDP figures have been revised up in 3Q to 1.02% QoQ, which implies a higher projection for 4Q17 (BBVA-GAIN: 1.04%). Further gains in confidence are not fully reflected in hard data. Global trade recovery continues, but at a slower pace. Global headline inflation accelerated in November driven by volatile components…
El comercio mundial no destaca positivamente en un entorno de crecimiento económico moderado y de incertidumbre en las economías emergentes, precisamente las impulsoras de su dinamismo antes de la crisis de 2007-2009.