Analysis by Region - Emerging Markets - Colombia

Analysis by Region - Emerging Markets - Colombia

Strong Q1 2022 national accounts data forced us to revisit our GDP growth estimate to 4.3% this year, from 3.8% previously. But the Colombian economy is likely to experience a technical recession this year, on the back of a sharper tightening in domestic and foreign financial conditions. We expect the fading of fiscal stimulus to hit activity momentum hard in the second quarter of the year, allowing for domestic demand to start a gradual correction.

Colombia: Revised M1 growth drives forward a sharper correction
Forecast overview
Recent developments
Short-term outlook
Key drivers of our Short-term Forecast
Economic risk
Economic risk evaluation
Economic development
Structure of the economy
Balance of payments
policy and Politics

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