Colombia | Economy : New Year New Life

Summary

We have just done our forecasting exercise for the global economy and the Colombian economy, and we are seeing the glass get a little fuller. We do not see a world with spectacular growth, but we do see a world in which uncertainty is less than it was a few months ago, allowing world growth to stabilize.

Key points

• Key points:
• Global growth is expected to be sustained in 2020, and to accelerate marginally in 2021.
• The balance of activity for Colombia will be healthier in 2020 and 2021.
• The investment will grow at 5.0%, accelerating against 2019 and growing above consumption for the first time since 2014.
• The leading role in 2020 will be played by the construction of buildings which will go from a contraction to an expansion of 5.5% due to the greater dynamics of social interest housing.
• Colombia is gradually consolidating, getting closer to its potential growth.

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