Colombia 2020-2021: What are the main issues? and what to expect?

Summary

Global growth stabilizes in 2020 at low levels. On the local side, the economy will grow 3.2% in 2020 driven by internal demand, particularly from investment. Inflation returns to a decreasing path and interest rates remain stable in this context in 2020.

Key points

• Key points:
• Global growth shows signs of stabilization but at low levels.
• The US / China trade agreement reduces uncertainty, but not protectionism.
• Current and structural global risks aren't negligible.
• In Colombia, growth will continue to consolidate in 2020 and 2021 with a better balance between its components.
• Inflation will gradually subside in 2020 and 2021, with an exchange rate at high levels. The Central Bank will keep rates until 2021.

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