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Analysis by Region - Emerging Markets - Colombia

Publisher Oxford Economics
Published Sep 30, 2025
Length 8 Pages
SKU # OFE20535962

Description

We have lowered our 2026 GDP growth forecast for Colombia by 0.2ppts to 3.0% y/y to reflect the stronger import growth we project next year as consumer strength will worsen the current account balance. Strong domestic demand will be driven by the government failure to cut the fiscal deficit before next year's elections and a strong real minimum wage rise next January.

Table of Contents

8 Pages
Colombia: Peso strength will prove temporary
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Debt Sustainability Analysis
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments
Economic policy and politics

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