Colombia Economic Outlook
April 11, 2017While Q1 figures suggest growth does not yet seem to have recovered from a disappointing 2016, 2017 overall is widely expected to be kinder to Colombia’s economy and fiscal accounts. Higher oil prices, an ambitious public infrastructure program and loose monetary policy will allow growth to pick up this year. Similarly, the government should be able to meet its fiscal target for 2017 largely due to the tax reform passed in December and also to stronger economic activity. In fact, in a nod to Colombia’s fiscal consolidation efforts, ratings agency Fitch revised up Colombia’s sovereign rating outlook on 10 March. The political situation is also bound to improve following the signing of the historic peace deal last year, which could potentially bolster tourism and investment in the conflict-ridden areas of the country.
Colombia Economy Data
5 years of Colombia economic forecasts for more than 30 economic indicators.
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|Bond Yield||6.60||0.66 %||Apr 06|
|Exchange Rate||2,856||-0.15 %||Apr 06|
|Stock Market||10,185||-0.09 %||Apr 06|
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Colombia Economic Growth
April 11, 2017GDP growth will experience a modest acceleration in 2017 on the back of accommodative monetary policy and higher commodity prices. Analysts expect the economy to grow 2.3% in 2017, which is down 0.1 percentage points from last month’s forecast. For 2018, our panel projects economic growth of 3.0%.
Colombia Economic News
April 17, 2017
In February, industrial production declined 3.2% annually, which followed the 0.3% contraction observed in January and marked the worst result since July 2016.
April 5, 2017
In March, consumer prices rose 0.47% from the previous month.
April 3, 2017
In February, exports grew a robust 15.8% from the same month of the previous year, which followed an even stronger 39.9% expansion recorded in January.
March 24, 2017
In line with market expectations, the board of the Central Bank (BanRep) decided to cut the policy rate by 25 basis points to 7.00% at its 24 March monetary policy meeting.
Colombia: Consumer sentiment improves sharply but remains firmly entrenched in pessimistic territory
March 15, 2017
The Fedesarrollo consumer sentiment index increased from January’s minus 30.2 points—an all-time low— to minus 24.3 points in February.