Analysis by Region - Emerging Markets - Colombia

Analysis by Region - Emerging Markets - Colombia

We have increased our 2024 GDP growth forecast for Colombia by 0.3ppts to 1%, as January’s economic activity surprised substantially to the upside. Primary activities outperformed at the beginning of this year, prompting us to increase our Q1 growth forecast by 0.8ppt to 1.3% q/q. We don't think Colombia will enter a recession this year, but a domestic demand correction is likely as private consumption is returning to trend level growth at a gradual pace.

Colombia: Robust primary activities in L1 boost the Outlook
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
Economic Policy and politics

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