Colombia Information Technology Q4 2020
The Colombia IT market forecast was revised down in the Q420 update because of a surge in Covid-19 cases in August2020, which saw a reintroduction of lockdown restrictions. The core scenario is for a slowdown in IT market growth in 2020 - due tolower levels of business investment as export industries are seeing weaker external demand and uncertainty - before a reboundtakes place in 2021, when the deployment of potential vaccine brings higher levels of IT investment. This core scenario is, however,subject to uncertainty because of the possibility of a second wave of infections, delays in the deployment of a potential vaccine, oreconomic scarring from the acute phase of the crisis weighing on levels of investment and consumption over the medium term.
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