Colombia Economic Outlook. Fourth Quarter 2019

Summary

Colombia will continue to consolidate growth amid considerable headwinds from the foreign sector.

Key points

• Key points:
• A more negative global climate: trade tensions. political uncertainty. a slowdown in activity and a shift toward more secure financial assets
• Downward revision of global growth: uncertainty is set to remain high and countercyclical policies will not prevent a slowdown
• At the local level. consumption and investment buoyed activity in the first half of the year. However. traction will be lost over the remainder of 2019 and 2020. leading to slower imports growth
• The exchange rate has therefore acted as the economy's shock absorber. maintaining a mild effect on inflation and an absence of policy action

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