Colombia Economic Outlook
October 14, 2014Recent indicators suggest that the economy remains solid but has entered a less exuberant phase. In Q2, GDP slowed down from Q1’s 6.5% expansion to a 4.3% increase. Exports shrank in August and the Colombian peso weakened in September. The USD 109 billion 2015 budget draft was approved by the congressional economic committee, but it still needs to be accepted by the House of Representatives and the Senate. The government refrained from its plan to increase the budget and sent a tax bill to Congress that aims to cover a financing hole over the course of the next four years by extending existing taxes and introducing a new tax on corporate profits.
Colombia Economic Data
5 years of Colombia economic forecasts for more than 30 economic indicators.
|Bond Yield||6.7||-1.06 %||Oct 20|
|Exchange Rate||2,063||-0.05 %||Oct 20|
|Stock Market||13,215||1.02 %||Oct 20|
Colombia Economic Growth
October 14, 2014LatinFocus Consensus Forecast panelists project economic growth of 4.9% in 2014, which is unchanged from last month’s projection. For 2015, the panel sees economic growth of 4.6%.
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Colombia Economic News
October 8, 2014
The Colombian peso (COP) weakened against the U.S. dollar in September, continuing the trend that began in early July.
October 4, 2014
In September, consumer prices rose 0.14% over the previous month, which came in below the 0.20% price increase registered in August and market analysts’ expectations of a 0.22% rise.
October 2, 2014
Exports in August fell 3.0% over the same month last year, which contrasted the notable 8.5% expansion recorded in July.
September 26, 2014
The Central Bank (BanRep) left its reference interest rate unchanged at 4.50% at its 26 September monetary policy meeting.
September 16, 2014
In Q2 2014, GDP grew 4.3% over the same quarter last year, coming in below the 6.5% increase registered in Q1.