Colombia Economic Outlook
September 16, 2014In July, industrial production increased 1.6%, which contrasted the 0.5% decline tallied in June, and despite a significant drop, consumer confidence remained in positive territory in August. On 8 September, Finance Minister Mauricio Cardenas announced a tax reform proposal that would provide funds to finance government spending in 2015. The plan is to lower the wealth tax threshold from COP 1.0 billion to COP 750 million and to introduce progressively-higher tax rates in the four brackets above that level. The reform would also extend the 0.4% tax on financial transactions through 2018. The government expects that these measures will raise more than USD 6.0 billion.
Colombia Economic Data
5 years of Colombia economic forecasts for more than 30 economic indicators.
|Bond Yield||6.8||-0.59 %||Oct 01|
|Exchange Rate||2,027||0.10 %||Oct 01|
|Stock Market||13,428||-1.40 %||Oct 01|
Colombia Economic Growth
September 16, 2014Panelists forecast economic growth of 4.9% in 2014, which is unchanged from last month’s projection. For 2015, they see economic growth of 4.7%.
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Colombia Economic News
September 15, 2014
The Fedesarrollo consumer sentiment index fell from 26.7 points in July to 20.0 points in August, reaching the lowest value in four months.
September 15, 2014
In July, industrial production (excluding coffee threshing) rose 1.6% over the same month last year, which contrasted the 0.5% drop tallied in June.
September 5, 2014
In August, consumer prices rose 0.20% over the previous month, which came in above both the 0.15% price increase registered in July and market analysts’ expectations of a 0.10% rise.
September 2, 2014
Exports rose 8.5% over the same month last year in July, which contrasted the 4.1% contraction recorded in June.
August 29, 2014
The Central Bank (BanRep) increased its reference interest rate by 0.25 percentage points to 4.50% at its 29 August monetary policy meeting.