Colombia Banking & Financial Services Q1 2019
Colombia's real GDP growth will accelerate in the coming quarters, as private consumption picks up. Higher oil prices andthe inauguration of president-elect Iván Duque will alleviate uncertainty and bolster investment. This will support growth in both thepassenger and commercial vehicle sales in 2019 and create a favourable environment for Colombia's domestic automotivemanufacturing to expand. We forecast vehicle sales to increase by 11.5% in 2019 and for Colombia's domestic vehicle output tofollow this trend and expand by 13.1% over the same period.
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